South Dakota might not be facing the fallout from the Northern Beef Packers bankruptcy if former Governor M. Michael Rounds had been a yokel and bought local... or in this case, invested local. Carrie Stadheim of Tri-State Livestock News learns…
Posts tagged as “Northern Beef Packers”
Scott Waltman offers this breakdown of all the help we taxpayers have given the now-bankrupt Northern Beef Packers in Aberdeen. Depending on how you count the dollars, Waltman's report shows that Pierre has given almost $5.8 million either directly to…
The State of South Dakota helped fund construction of Northern Beef Packers. That Aberdeen slaughterhouse is now bankrupt, leaving workers, investors, and taxpayers holding the bag. The state can avoid a similar mistake by denying the mining and water use…
I'm reviewing the first of the documents I've received on Northern Beef Packers' bankruptcy case. In its cash collateral motion, filed July 24, NBP says that it has been working with White Oak Global Advisors LLC to arrange a Section…
The South Dakota Department of Labor sent officials to Aberdeen Friday to meet with the 260 workers laid off by the state-boosted and bankrupt Northern Beef Packers slaughterhouse. It didn't go well: Northern Beef Packers still owes hundreds of workers…
An eager reader alerts us to worse news from Aberdeen: after failing to pay its workers on time last week, Northern Beef Packers has filed for Chapter 11 bankruptcy. This big business failure is brought to you by Joop Bollen…
Northern Beef Packers laid off 108 of its Aberdeen workers last April. The remaining 300 or so are now having trouble getting their paychecks: Northern Beef Packers will delay paying its employees their wages this week because of financial difficulties.…