Maple leaf foods shutting surrey meat plant

Maple Leaf Foods Inc. (TSX: MFI) is closing a prepared meats plant in suburban Vancouver and laying off 165 employees as part of a restructuring plan to consolidate operations and cut costs.

SURREY, B.C. — Maple Leaf Foods Inc. (TSX: MFI) is closing a prepared meats plant in suburban Vancouver and laying off 165 employees as part of a restructuring plan to consolidate operations and cut costs. Operations will begin to wind down in May and the plant in Surrey, B.C., will close in September. The plant produces sliced meat, deli products and sausage for stores and restaurant customers in Western Canada. The Toronto-based food processing company says production will be consolidated at Maple Leaf plants in Saskatoon, Manitoba and Ontario. Maple Leaf expects closure costs to amount to $12.1 million before tax, with $4 million recorded in the first quarter.