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Vendor Unsaleables Costs Slide, While Distributors' Rise: GMAFMI Study
CHARLESTON, S.C. -- Average manufacturer payments for unsaleables dipped slightly to 1.05 percent of sales from 1.13 percent between 2004 and 2005, according to The 2006 Unsaleables Benchmark Report, released yesterday at the Joint Unsaleables Conference here by the Grocery Manufacturers of America and the Food Marketing Institute. -
Tyson Cuts Staff by 850 as Meat Sales Slump
SPRINGDALE, Ark. -- Amid weak demand for poultry and an overall protein glut that resulted in a $127 million loss last quarter, Tyson Foods, the world's largest meat company based here, is laying off 850 workers to help cut costs by at least $200 million amid sluggish sales.