Oct 15, 2011 3:59 PM by Chris Welty
BATON ROUGE, La. (AP) - Kleinpeter Farms Dairy has announced
that its 215 employees will take a 2.5 percent pay cut.
Jeff Kleinpeter, president of Kleinpeter Farms, tells the
Advocate (http://bit.ly/rkBEKb) that he hopes the pay cut will only
last three to four mouths.
Kleinpeter, who's also taking a salary cut, says the action
means no price increase, no layoffs and no loss of benefits.
He says high prices for raw milk and fuel prompted the move. The
dairy buys about 75 percent of its milk from some 20 local dairy
farmers. Kleinpeter says in the past eight months, the cost of raw
milk has risen 41 percent.
Kleinpeter Farms' dairy products can be found on grocery store
shelves all across South Louisiana and into southern Mississippi.