Cheese Co-op Closing after 134 years
The Pine River Cheese and Butter Co-operative in Kincardine, Ontario is closing its doors after 134 years. 25 employees are out of work.
The board of the farmer-owned co-operative made the decision Friday to cease operations. Production is slated to end later this month and sales expected to wrap up by the end of the year.
Co-operative CEO Ulrike Prehn said on Monday, that the co-op made the decision due to loss of market share and rising product costs. Low product margins and hampered their ability to remain competitive. “After 134 years a tough decision had to be made.”
Pine River Cheese was established in 1885.
U.S. Credit Unions Make Diversity 8th Co-op Principle
In February, which is commemorated as Black History Month, Credit Union National Association (Cuna) called on US credit unions to include diversity and inclusion as a co-operative principle.
CUNA President and CEO, Jim Nussle said “Diversity, equity and inclusion are a part of what credit unions do each and every day. Our co-operative principles have guided us to fulfil our mandate and be a resource to all consumers – no matter their income, race, religion. But we’re committed to doing more,” said Cuna president and CEO Jim Nussle.
The Credit Union National Association (Cuna) voted in favour of a resolution to establish diversity, equity and inclusion as the 8th co-operative principle of credit unions across the country.
The co-operative principles date back to 1844 when they were set out by the Rochdale Pioneers. In 1937 they were adopted by the International Co-operative Alliance, which updated them in 1966 and 1995.