Following an announcement in October 2023 that Tyson Foods would layoff 250 employees on the second shift at the Wilkesboro, NC. Complex, the Company has indicated that a further cutback affecting 500 employees will take place. According to Tyson Foods, an adjustment in production was required in the fresh poultry operation.
It is a matter of record that Tyson Foods has closed four small chicken plants located in North Little Rock, AR., Dexter and Noel, MO. and Corydon, IN. involving termination of 3,000 employees.
The third quarter financial results for Tyson Foods are posted in this edition. The program of consolidation and reducing production costs initiated in 2023 is obviously having a beneficial effect. It is evident that Tyson Foods has operated with inherent inefficiency until it became obvious that rationalization of production and facilities is necessary for the Company to operate in a competitive environment.