600 job losses at Smithfield's meat plant in Timaru lead to economic challenges for the area.
The closure of Smithfield's meat processing plant in Timaru, New Zealand, has resulted in 600 job losses, exacerbating existing economic challenges in the area. Retailers report declining sales and fear further shop closures, as the local economy was already struggling with a 1.3% drop in activity. Mayor Nigel Bowen remains optimistic about recovery efforts, but the long-term impact of the plant's shutdown on Timaru's economy is yet to be fully understood.
October 29, 2024
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