Combined business will have approximately 12,000 employees at 57 facilities in five countries
Expecting annual sales of about $370-million; more than a quarter of that from outside U.S.
Decision made based on aging plant infrastructure, rapid area development, according to company
Ontario, Quebec and Manitoba accounting for most of national decrease
Peterborough, Ont., plant employs 80 workers, slated for closure in October 2012
Company said the moves will make it more effective and allow it to focus on key growth strategies.
Company says restructuring will save $1.5 billion by 2014.
Maple Leaf Foods is cutting 1,550 jobs, closing plants in four provinces and streamlining distribution in a frenzied efficiency drive.
Makers of beer, baked goods and auto parts in for a rough ride, says U.S. consulting firm
A tiny part in an unidentified Saputo Inc. processing plant helped spread Listeria bacteria.