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Below you'll find a list of all posts that have been tagged as “Tyson Foods”
A company letter released this week by the state of Minnesota says Cargill will permanently terminate almost 500 employees in the state, which is home to the company’s corporate headquarters. The terminations will begin on February 5. Cargill recently announced it would cut approximately five percent of its overall staff after revenue took a hit in its most recent fiscal …
Tyson Foods Monday announced the planned closure of four chicken processing facilities in the U.S. They will close facilities in North Little Rock, Arkansas, Corydon, Indiana, Dexter, Missouri and Noel, Missouri. The company will shift production to other facilities and cease operations at the impacted locations in the first half of fiscal year 2024. Donnie King, Tyson Foods President and …
Reduced domestic and international demand for pork is hitting Tyson Foods, one of the nation’s top pork producers. The Arkansas-based meatpacker reported this week that the company earned approximately $25 million from its pork business for the three months ending on July 3. That’s about 63 percent lower than the same quarter in 2021. The company reports that China, the …
The four CEOs of Cargill, Tyson Foods, JBS, and National Beef Packing have agreed to testify before Congress. Reuters says the meatpacker bosses will discuss cattle markets and price increases for consumers. House Ag Committee Chair David Scott says it’s important to find out why prices have dropped for ranchers and risen for consumers. “In addition to the CEO panel, …
Rising meat prices helped Tyson Foods overcome COVID-related labor shortages at its plants. The top U.S. meatpacker reported a stronger-than-expected quarterly profit this week and forecast improving revenue for the year ahead. The Arkansas-based company reported a double-digit jump in sales and earnings in the fourth quarter of its fiscal year that ended on October 2. That includes a record …
Tyson Foods says that labor unions agreed to support its requirement for U.S. employees to be vaccinated against COVID-19 by November. Reuters says the company will offer new benefits to workers including paid sick leave. Companies like Tyson have been trying to give employees incentives to get vaccinated through bonuses and other benefits as the Delta Strain pushes case numbers …
(NAFB) — Tyson Foods this week agreed to $221.5 million to settle claims related to price-fixing lawsuits. The settlements are with three consumer and commercial purchasing groups who bought chickens directly from Tyson and require a federal judge’s approval. Tyson did not admit liability in agreeing to settle and said the payments will be reflected in its first-quarter financial statements, …
(NAFB) — Tyson will reopen a Kansas beef processing facility next month, following repairs prompted by an August fire that disrupted operations at the facility. This week, Tyson announced repairs at the Holcomb, Kansas facility are nearly complete, and efforts to resume beef processing are planned for the first week of December. The company expects the plant to be fully …
It’s been noted that after the recent fire at Tyson Foods facility in Holcomb, Kansas, the beef processor has boosted margins for other processors. The Tyson Foods facility represents about five percent of the U.S. daily slaughter, or roughly 6,000 head of cattle. The fire did cause the facility to close until repairs are made. But according to Reuters, the …
The activist group Mercy for Animals is going after Tyson Foods again, but this time it’s not about the chickens. It’s in regards to Tyson’s treatment of its contract growers. The Atlanta Journal-Constitution says Mercy for Animals is launching a four-billboard campaign in northern Georgia seeking anonymous reports from contract farmers about Tyson Foods. The relationship between growers and the …
