5-13 news: Foster Farms plant acquisition comes with employment requirements
Under the terms of the deal, Foster Farms has to hire 650 employees within two months, and 1,000 employees within a year at a payroll figure of $20.2 million. If it misses these figures, it must pay the state 30 percent of the missed payroll goal. At the third year, the company will have to have 1,100 employees and a $24.7 payroll. The employee size doesn't have to be any higher than 1,100 people after that, but by the 10th year of operation, payroll must be at $30.4 million.