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Chiquita Declares Force Majeur on Honduras Bananas

The News

CINCINNATI, Nov 9 (Reuters) - Banana giant Chiquita Brands International Inc. (NYSE:CQB) said Monday it has declared a force majeur in accordance with Honduran law, indicating that it has suspended all work due to conditions beyond its control.

The company is continued to provide wages and benefits to its 7,700 employees in the region, said Michael Sims, vice president of investor relations.

The Views

Bravo... a company that has a heart. A company who "steps to the plate" right from the start. What other company would continue to pay the workers? Not only that, but what other company wouldn't be crying to the governments for their own relief?

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