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Official: Postville plant could reopen soon
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POSTVILLE, Iowa (AP) - A court-appointed receiver for Agriprocessors Inc. says the company's kosher meatpacking plant in Postville could reopen next week.
Joseph Sarachek
has told The Cedar Rapids Gazette that the company has no revenue
coming in to feed hundreds of thousands of chickens, which will
soon be too old to slaughter.
He says a lender
has agreed to finance a three-week operations budget pending court
approval on Monday.
Sarachek says
employees who return immediately will receive their back pay and
have a job.
Sarachek was
appointed by a New York bankruptcy judge to oversee the company,
which had been run by the Rubashkin family of New
York.
The company had
operated a plant near Gordon, Neb. The company's financial problems
forced the plant to close.
Posted in News on Saturday, November 29, 2008 12:00 am
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