Insights and Stories on Maple Leaf

Nov. 25, 2015 at 3:06 pm CST

Reuters — Maple Leaf Foods said Wednesday it would cut 400 management jobs, or about three per cent of its workforce, saying it was ready to streamline operations after starting up Canada’s biggest meat plant. Maple Leaf, one of the country’s biggest pork processors, said the majority of the job […]

By Anet Josline Pinto, Rod Nickel

Oct. 29, 2015 at 11:09 am CDT

Maple Leaf Foods swung to a rare profit in the third quarter as the company nears the end of its restructuring plan. The profit is only Maple Leaf’s second in the past 11 quarters, but was slightly smaller than expected. Shares fell nearly seven per cent in Toronto trading to […]

By Rod Nickel, Tanvi Mehta

May. 2, 2015 at 2:34 pm CDT

Maple Leaf Foods booked improved sales and margins for its first fiscal quarter as the last of its further-processing plants slated for closure in 2011 completed its last production run. The Toronto meat processing firm on Thursday reported a net loss of $2.86 million on sales of $720.25 million for […]

By Staff

Feb. 26, 2015 at 10:00 am CST

Reuters — Meat processor Maple Leaf Foods reported a smaller, but still disappointing, quarterly loss on Thursday, as it worked through a plan to close older packing plants. Even so, the company will double its quarterly dividend to eight cents. CEO Michael McCain said the move reflected confidence in the […]

By Rod Nickel

Dec. 29, 2014 at 2:23 am CST

Two Maple Leaf Foods processing plants tapped in 2011 to close by the end of this year will stay open for a few months yet. Of six further-processing facilities slated for closure by the end of 2014 in the final phase of Maple Leaf’s “value creation plan,” the company’s Courtland […]

By Staff