Pilgrim's Pride Announces Settlement Agreement With U.S. Department of Labor Over 'Donning and Doffing' Time Collection Practice

Share Name	Share Symbol	Market	Type
Public Power Corporation SA	ASE:PPC	Athens	Ordinary Share

Share Name

Share Symbol

Market

Type

Public Power Corporation SA

ASE:PPC

Athens

Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.09	-0.75%	11.90	11.89	11.90	12.10	11.86	12.10	516,250	15:24:59

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

-0.09

-0.75%

11.90

11.89

11.90

12.10

11.86

12.10

516,250

15:24:59

Pilgrim's Pride Announces Settlement Agreement With U.S. Department of Labor Over 'Donning and Doffing' Time Collection Practice

29/01/2010 8:59pm

PR Newswire (US)

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PITTSBURG, Texas, Jan. 29 /PRNewswire-FirstCall/ -- Pilgrim's Pride Corp. (NYSE:PPC) today announced it has reached a settlement agreement with the U.S. Department of Labor regarding the federal government's review of time collection practices at the company's Dallas, Texas, processing facility. The review focused specifically on pay for the minimal time employees spend in putting on and taking off protective work clothing such as smocks, aprons and gloves required for their jobs at the plant. Under the terms of the agreement, the company will pay approximately $1 million to the Department of Labor; the federal government will distribute those funds as overtime compensation to approximately 800 current and former employees of the company's Dallas facility. Both Pilgrim's Pride and the Department of Labor acknowledge that the agreement does not constitute any admission that the company violated any provision of the Fair Labor Standards Act. As part of the settlement, Pilgrim's Pride has agreed to modify certain time collection practices, which have been standard in the industry for decades, in order to resolve the government's "donning and doffing" case and satisfy the concerns expressed by the Department of Labor. About Pilgrim's Pride Pilgrim's Pride Corporation employs approximately 41,000 people and operates chicken processing plants and prepared-foods facilities in 12 states, Puerto Rico and Mexico. The Company's primary distribution is through retailers and foodservice distributors. For more information, please visit http://www.pilgrimspride.com/. Media Contact: Ray Atkinson Director of Corporate Communications (903) 434-1811 Investor Contact: Gary Rhodes Vice President, Corporate Communications and Investor Relations (903) 434-1495 DATASOURCE: Pilgrim's Pride Corporation CONTACT: Media, Ray Atkinson, Director of Corporate Communications, +1-903-434-1811, , or Investors, Gary Rhodes, Vice President, Corporate Communications and Investor Relations, +1-903-434-1495, both of Pilgrim's Pride Corporation Web Site: http://www.pilgrimspride.com/

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