Economics
World’s No. 2 Beef Producer Fattens Wages to Lure Workers
- Marfrig’s National Beef said absenteeism rose in the pandemic
- Additional costs have been passed on price of final products
Source: Getty Images
This article is for subscribers only.
One of America’s biggest beef producers said the industry is raising salaries in the U.S. to attract more workers amid the Covid-19 pandemic.
National Beef, a subsidiary of Brazilian beef producer Marfrig Global Foods SA, sees increasing labor costs continuing into the future, Tim Klein, chief executive officer of the unit said in call with investors Wednesday.