A Tyson Foods plant has begun to offer employees 36 hours’ worth of payment for 27 hours’ work, in a move that shows how employers are struggling to retain employees. “I don’t know of anybody else doing this,” said Albert Gonzalez, human resources manager for Tyson’s poultry processing plants, to LancasterOnline. “I’ve heard of four…
Tyson Foods to Spend $50 Million in Bonuses on Frontline Workers
December 6, 2021
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Business & EconomyBusinesses in COVID-19CompanieseconomyEmployee Bonusesfood processingTyson FoodsUS
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Tyson Foods Inc. announced on Dec. 6 that it will pay $50 million in year-end bonuses to frontline and hourly meatpacking employees starting this month to attract and retain employees after the pandemic. A total of 86,000 Tyson employees in the United States will be eligible for the one-time bonuses that range from $300 to $700…
Americans Pay More for Meat as Tyson Foods Escalates Prices
November 16, 2021
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Business & EconomyCompanieseconomyfood inflationhigher food pricesinflationMeat processingTyson FoodsUSUS News
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Tyson Foods Inc., the largest meat company by sales in the United States, has reported a jump in revenue after increasing prices for its products, citing supply chain issues, soaring costs, and 30-year-high inflation. Based in Springdale, Arkansas, Tyson company executives said that chicken prices went up by 19 percent during the fiscal fourth quarter,…
Tyson Foods Hikes Prices to Keep Up With ‘Unprecedented Inflation’
Tyson Foods is struggling to raise prices fast enough to keep up with inflation in key production inputs like grain, labor, and freight costs, the company’s top executive said in a Monday earnings call. “Costs are hitting us faster than we can get pricing at this point,” Tyson Foods CEO Donnie King said on the…
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