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November 16, 2008

Hormel Won’t be Asking for Any Federal Bail Out Money … SPAM Sales Up

Posted in: Business,Economy

SPAM … SPAM … SPAM

Banks, credit lending companies, the big three Michigan auto makers and cities across the United States are failing, find themselves in a financial crisis and begging for a piece of the tax payers bail out. All are standing in line for a piece of the pie due to their failed business strategies and practices. All that is except Hormel. The makers of  SPAM can hardly keep up with the demand as SPAM is all the rage.

Spam

The economy is in tatters and, for millions of people, the future is uncertain. But for some employees at the Hormel Foods Corporation plant here, times have never been better. They are working at a furious pace and piling up all the overtime they want.
The workers make Spam, perhaps the emblematic hard-times food in the American pantry.

Through war and recession, Americans have turned to the glistening canned product from Hormel as a way to save money while still putting something that resembles meat on the table. Now, in a sign of the times, it is happening again, and Hormel is cranking out as much Spam as its workers can produce.

But these days, consumers are rediscovering relatively cheap foods, Spam among them. A 12-ounce can of Spam, marketed as “Crazy Tasty,” costs about $2.40. “People are realizing it’s not that bad a product,” said Dan Johnson, 55, who operates a 70-foot-high Spam oven.

Hormel declined to cooperate with this article, but several of its workers were interviewed here recently with the help of their union, the United Food and Commercial Workers International Union Local 9. Slumped in chairs at the union hall after making 149,950 cans of Spam on the day shift, several workers said they been through boom times before — but nothing like this.

Spam sales up as economy heads down


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