Fresh Del Monte halts Hawaii operations

Jan. 1, 2007
Fresh Del Monte Produce Inc plans to close its Hawaii operations immediately, instead of the 2008 closing date it announced in February 2006. The company

Fresh Del Monte Produce Inc plans to close its Hawaii operations immediately, instead of the 2008 closing date it announced in February 2006. The company will lay off 551 employees in January 2007.

“The company's action was compelled by various factors; specifically, the production volume of pineapples is significantly lower than the company's original estimates,” the company said in a statement.

As a result, Dole Food Co now will be the only major pineapple grower on Oahu.

In related news, Fresh Del Monte Produce announced that the jury hearing a lawsuit in Miami-Dade County (FL) Circuit Court brought by certain former indirect minority shareholders returned a verdict in favor of the company and its co-defendants. The six-member jury rejected allegations that bribery and fraud were involved in the 1996 sale of the Coral Gables FL-based produce company.

“Since the filing of this meritless litigation almost four years ago, we have always maintained that the acquisition of Fresh Del Monte by the IAT Group in December 1996 was proper and according to all legal requirements and consents,” said Mohammad Abu-Ghazaleh, chairman and chief executive officer of Fresh Del Monte.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...