Turkey Meat Production Company Cuts Match, Pay

West Liberty Foods, a production facility owned by the Iowa Turkey Growers Cooperative, will suspend the matching contribution into employees’ 401(k) accounts, effective immediately.

The West Liberty Index reports that employees were also told in a company-wide meeting April 20 that their pay would be cut 3.17%, effective April 27.

“Like all companies, we are cutting costs to manage our business during challenging economic times,” Waters said. The company said the cuts were for an indefinite period, according to the news report.