Townsends poultry processing operations in North Carolina are being shut down after Ukrainian billionaire Oleg Bakhmatyuk, who bought the bankrupt company's assets in February for $25 million, decided to close Townsends plants in Siler City and Mocksville. 


The move ends contracts with roughly 200 chicken farmers in four counties and will result in 1,000 people losing their jobs. The Mocksville plant will close by October 1; the Siler City plant is expected to close on a similar time frame.