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Tyson Foods workers, activists protest child labour

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Reuters – Tyson Foods workers and activists rallied outside the U.S. meat company’s headquarters in Arkansas Oct. 16 to protest child labour in the sector and push for improved working conditions. Activists and the Biden administration have pressured the U.S. meat industry to adopt safer labour policies after children hired by contractors were found doing
Tyson Foods rolls back ‘no antibiotics ever’ label
News

Tyson Foods rolls back ‘no antibiotics ever’ label

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Reuters – Tyson Foods is reintroducing certain antibiotics to its chicken supply chain and will drop its “no antibiotics ever” tagline from company-branded chicken products, a spokesperson said July 3. The change will involve drugs that the company said are not important to human health. The antibiotics that Tyson plans to add to some of
(TysonFoods.com)
News

Tyson Foods announces layoffs

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Reuters – Tyson Foods, which is seeking to cut costs, will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, the company confirmed June 13. The company said it will eliminate 177 positions from an office in downtown Chicago and 51 positions in Downers Grove, a suburb of
"We are feeling the fallout of those decisions that were made in 2020, and we’ll continue to do so until we see a new normal develop.”
Livestock Markets, News, US Markets

Meat industry hits hard times

Inflation, high interest rates and high input costs are catching up to sector

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The meat industry, particularly pork, is facing tough times as inflation catches up with demand. There’s been a torrent of bad news in the meat sector in the last two months. Tyson Foods reported its first quarterly loss since 2009; HyLife’s processing plant in Windom, Minn., declared bankruptcy; Smithfield Foods is closing 40 sow farms
Tyson’s costs to buy live cattle increased $305 million from last year.
News

Tyson Foods shares plunge

Deflated demand, inflated costs lead to surprise loss

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Tyson Foods Inc. shares plunged 16 per cent to a three-year low May 8 as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker than expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment, while a shrinking cattle herd forces Tyson to pay more for
(TysonFoods.com)
Markets

Tyson Foods plant closure raises antitrust concerns among US farmers, experts

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Reuters – Tyson Foods Inc TSN.N gave its chicken suppliers two months’ notice of its plan to shut a Virginia processing plant in May, raising concerns among farmers and legal experts about the company’s compliance with antitrust regulations requiring it to give 90 days’ notice before ending a contract. The planned closure of the plant has left
Tyson Foods ends COVID-19 vaccine mandate for employees
News

Tyson Foods ends COVID-19 vaccine mandate for employees

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Reuters – Tyson Foods has confirmed it eliminated a requirement that employees receive COVID-19 vaccinations, a step the company said improved meatpacking operations after plants closed in 2020 due to outbreaks among workers. The biggest U.S. meat company by sales lifted the mandate on Oct. 31, one year after imposing it, according to a report
News, Other

Tyson Foods CFO arrested for public intoxication, trespassing

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Tyson Foods Chief Financial Officer John R. Tyson, 32, was arrested for criminal trespassing and public intoxication in Fayetteville, Arkansas, on Nov. 6, according to a police report. A college-aged female was alarmed to find Tyson, who she did not know, asleep in her bed upon returning home, according to the Fayetteville police report. The

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