542 Pilgrims employees at risk of retrenchment
Pilgrim’s UK, a pork producer controlled by the Brazilian meat giant JBS, is planning to close its Ashton - under - Lyne site in Greater Manchester. The proposed closure is…
JBS burns $6.1bn in cash as losses pile up
JBS, the world's largest meat company, posted a net loss of $290.2 million in Q1 2023 due to high grain prices and oversupply in the meat market, worse than the…
China’s demand for Brazilian beef plummets
The Asian country, which usually relies on Brazil for the majority of its beef, could see a 19% drop in purchases from global markets next year as its economy struggles…
JBS’s profits slump 10%
JBS SA, the world`s largest meatpacker, posted an almost 10% drop in net profits, to $766 million, driven by the relative weakness of its U.S. beef and pork units in…
How JBS’s bribed its way into Australia
The history of global meat company JBS is so strewn with villainy you do wonder where to start. In 2017, it paid a $4.5 billion fine after its billionaire owners…
JBS completes BioTech Foods acquisition
JBS – the largest meat processing company in the world – has announced it has become a majority shareholder of BioTech Foods, a cultivated protein company based in Spain. BioTech Foods operates…