B-P-I LAYOFFS MAY REACH CORPORATE LEVEL

BEEF PRODUCTS INCORPORATED ANNOUNCEMENT MONDAY TO CLOSE THREE OF ITS PLANTS MAY ALSO LEAD TO ADDITIONAL LAYOFFS AT THE CORPORATE OFFICE LEVEL.

COMPANY SPOKESMAN RICH JOCHUM SAYS THE DOWNTURN IN MARKET CONDITIONS HAS FORCED THE COMPANY TO BEGIN TO EVALUATE THE CHANGES IN PRODUCTION MAY HAVE ON CORPORATE PERSONNEL.    

JOCHUM SAYS IT'S IMPOSSIBLE TO DETERMINE THE TIMING AND SCOPE OF ANY SUCH DEVELOPMENTS, BUT BPI REMAINS GRATEFUL FOR THE CONTINUED SUPPORT AND LOYALTY OF THEIR EMPLOYEES.

JOCHUM ALSO SAYS THAT AS BPI REESTABLISHES THEIR MARKET PRESENCE, THE COMPANY WILL MONITOR THE POTENTIAL FOR RESTARTING OPERATIONS AT THE PLANTS IN WATERLOO, AMARILLO, TEXAS; AND GARDEN CITY KANSAS.

THE JOBS AT THOSE THREE PLANTS ARE BEING ELIMINATED AS OF MAY 25TH.