Tyson Foods to Close Two Chicken Plants, Affecting Nearly 1,700 Employees
(MENAFN) Tyson Foods has announced that it will close two chicken plants in May, affecting almost 1,700 employees. The company said that the decision was made to strengthen its poultry business by optimizing operations and utilizing full available capacity at each plant. The Van Buren, Arkansas, and Glen Allen, Virginia plants will close on May 12. Tyson will shift demand to other facilities.
The meat giant is the latest food supplier to lay off workers in an effort to cut costs. Beyond Meat and Impossible Foods, which make alternative meats, have cut over a fifth of their workforces as demand wanes for their products. Coca-Cola offered voluntary buyouts to North American workers, while PepsiCo cut jobs in its Frito-Lay and North American beverage units. Spice giant McCormick said it would offer buyouts and lay off workers to save $75 million.
Tyson said it is helping affected employees apply for open jobs and offering relocation assistance to other plants. The Glen Allen plant has 692 employees, while the Van Buren facility has 969 workers.
The closure of the two chicken plants is a strategic move that aims to optimize operations and strengthen Tyson's poultry business. However, it will have a significant impact on the affected employees and the local communities. Tyson's efforts to assist affected workers in finding new jobs and providing relocation assistance will be closely watched by industry analysts and stakeholders.
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