by - August 3, 2020 12:41 pm
Tyson Foods said costs related to COVID-19 totaled $340 million, and that did not include direct costs related to absenteeism. The expense hurt the meat giant’s bottom line in the…
by - August 3, 2020 7:07 am
Tyson Foods, Inc. announced Monday (Aug. 3) that Dean Banks will replace Noel White as CEO of the Springdale-based protein giant. The move will be effective on Oct. 3, 2020….
by - July 30, 2020 11:43 am
Tyson Foods is expected to report leaner third-quarter net income and revenue amid challenging poultry fundamentals, ongoing pressures from COVID-19 and its impact on meatpacking plants and weak demand from…
by - June 23, 2020 12:34 pm
Johanna Söderström has been named Tyson Foods’ chief human resources officer effective July 6. She is replacing Mary Oleksiuk who is retiring after 35 years in the business, the company…
by - June 18, 2020 9:56 am
Tyson Foods on Thursday (June 18) named Dan Turton as senior vice president for global government affairs, effective June 29. Turton will be based in Washington, D.C., and lead the…
by - June 10, 2020 5:57 pm
Springdale-based Tyson Foods is one of several chicken processors indicted by the U.S. Department of Justice in price-fixing allegations under investigation for the past three years. The DOJ and a…
by - May 28, 2020 12:11 pm
Springdale-based Tyson Foods on Wednesday (May 27) released its 2019 Sustainability Report. It outlines the company’s progress toward its sustainability goals and announces achievements in five focus areas: Food, Animal…
by - April 2, 2020 9:10 am
Tyson Foods has secured a $1.5 billion term loan facility with lenders lead by Morgan Stanley. The meat giant also drew down the entire amount which will be due in…
by - March 31, 2020 3:23 pm
Tyson Foods announced it will pay approximately $60 million in “thank you” bonuses to 116,000 frontline workers and Tyson truckers in the U.S. who support the company’s operations to provide…
by - March 13, 2020 1:14 pm
Meat companies like Tyson Foods will have to balance the robust meat production estimates with the threat of recession and looming issues around the coronavirus (COVID-19) that have disrupted supply…
by - February 27, 2020 6:38 pm
Tyson Foods officials said Thursday (Feb. 27) the company has hired an outside service provider for certain IT services, a move that will result in the “displacement” of roughly 330…
by - February 11, 2020 4:50 pm
Tyson Foods’ beef and pork subsidiary and Jacob Stern & Sons of Houston, Texas, launched a joint venture known as JST Global that intends to serve the global fats and…
by - February 10, 2020 3:43 pm
Tyson Foods is streamlining its corporate workforce and eliminating about 500 jobs across the company, mostly corporate office jobs located in Chicago and Arkansas. The job cuts are part of…
by - February 6, 2020 12:48 pm
Tyson Foods reported Thursday (Feb. 6) better overall results in its first quarter ending Dec. 28, with net income of $557 million, up from $551 million in the year-ago period….
by - February 3, 2020 5:08 pm
Springdale-based Tyson Foods is expected to see first-quarter net income rise 7% from a year ago with per share net income to be $1.70 per share. Consensus revenues are expected…
by - January 21, 2020 1:45 pm
Tyson Foods announced Tuesday (Jan. 21) the creation of a Coalition for Global Protein, a multi-stakeholder initiative to advance the future of sustainable protein. Company officials made the announcement at…
by - December 20, 2019 2:40 pm
Tyson Foods’ c-suite ran a profitable business in fiscal 2019 and were rewarded with pay raises ranging from 1.5% to 34% in base salaries, according to the company’s annual proxy…
by - December 9, 2019 5:03 pm
Tyson Foods’ fresh meat division signed an agreement with the Republic of Kazakhstan and the Kusto Group to collaborate on a new beef processing plant in Kazakhstan, an emerging nation…
by - November 19, 2019 1:57 pm
Investors of Tyson Foods have plenty to smile about as the meat giant’s shares have recorded stellar growth this year of 68.5% behind solid revenue growth and a flush balance…
by - November 14, 2019 9:12 am
China has announced it will resume poultry imports from the U.S. after a nearly five-year ban. The stoppage originally occurred in January 2015 due to an outbreak of avian influenza,…
