Tyson Foods to lay off 1,700 workers, close two chicken plants
Publishing timestamp: 2023-03-14 13:18:38
Summary
Tyson Foods will close two chicken plants in May, affecting nearly 1700 employees, as part of a plan to strengthen its poultry business after its chicken business underperformed expectations in its latest quarter. Other food suppliers, including PepsiCo and Beyond Meat, have also laid off workers in recent months to cut costs. Tyson is helping affected employees apply for open jobs and offering relocation assistance to other plants.
Sentiment: NEGATIVE
Tickers: TSN, KO, PEP, BYND, MKC,
Keywords: food and drink, restaurants, business news, pepsico inc., beyond meat inc, coca-cola co, retail industry, breaking news: business, business, tyson foods inc, mccormick & company inc,
Source: https://www.cnbc.com/2023/03/14/tyson-foods-layoffs-chicken-plant-closures.html