Articles tagged under: JBS
JBS, Tyson Settle Lawsuit Over Wages
Published March 15, 2024
To settle a lawsuit over employee wages, JBS will pay $55 million, and Tyson will pay over $72 million. The lawsuit claims the two meatpackers conspired to keep wages artificially low.2Q Loss for JBS
Published August 15, 2023
The largest meat company in the world is reporting second quarter losses of $53 million. That compares to a profit of $803 million one year ago. JBS cited a downturn in profits in its North American beef, pork and chicken…JBS Settles Beef Case
Published April 18, 2023
In a proposed settlement, JBS will pay $25 million to commercial beef buyers for allegedly conspiring to restrict market supplies and keep prices artificially high. Cargill and Tyson are also being sued but have not agreed to this settlement. This…4Q Revenue Drop for JBS
Published March 22, 2023
JBS finished the fourth quarter with net income of $420 million (U.S.), down from $1.2 billion one year ago. JBS’ largest division is its North American beef business and sales in that area dropped seven percent from a year ago.…Meatless No More
Published October 4, 2022
After two years in operation, JBS USA is shutting down its U.S. plant-based food business. The meatpacking company will put its focus on its plant-based business in Brazil and Europe.Weller Moves to JBS
Published September 22, 2022
JBS has hired its first global chief sustainability officer. Jason Weller spent time as the chief of the USDA Natural Resources Conservation Service. Most recently, Weller worked on the Truterra agricultural carbon credit program at Land O’Lakes.JBS Settles Lawsuit
Published September 21, 2022
JBS will pay $20 million to settle a price-fixing lawsuit. A federal judge in Minnesota has approved the settlement. Legal action is still pending against Hormel and Tyson Foods. A database company, Agri Stats, is also charged with sharing confidential…North American Business Gives JBS a Boost
Published May 12, 2022
The Brazilian meatpacker, JBS, made nearly $1 billion in profits during the first quarter. That’s up more than 151 percent from last year. U.S. beef sales to China increased more than 60 percent, while pork exports declined.JBS Earns Over $1 Billion in Q4
Published March 24, 2022
JBS earned $1.31 billion in the final quarter of 2021. The meat packer had revenue growth of five percent from the same quarter a year ago. Beef exports to China pushed JBS’s revenue past previous records.