Leucadia / To cut 1,300 California Jobs

Leucadia National Corp. (LUK:US), the investment firm run by Richard Handler, plans to shut a beef-processing facility with 1,300 workers, citing poor performance.

The closure in Brawley, California, will result in an impairment of a “substantial portion” of the $93 million in long-lived assets at the plant as of Sept. 30, the company said today in a regulatory filing.

Chosen excerpts by Job Market Monitor. Read the whole story at Handler’s Leucadia to Cut 1,300 California Jobs at Beef Unit (1) – Businessweek.