Articles tagged under: Tyson Foods
McDonald’s Sues Major Meatpackers
Published October 7, 2024
McDonald’s has filed an anti-trust lawsuit against JBS, Tyson Foods, Cargill and National Beef. The restaurant chain claims the meatpackers conspired on the prices paid for cattle and slaughter volumes. The lawsuit alleges the world’s largest meatpackers colluded to limit…Senior Leadership Changes for Tyson Foods
Published August 30, 2024
Tyson Foods has suspended John R. Tyson from his role as the company’s chief financial officer. Tyson, who is the son of the company’s chairman, will remain with the company on a health-related leave. The suspension happened after Tyson’s DWI…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.Hog Farms Lose a Key Market
Published March 15, 2024
Tyson Foods is permanently closing its Perry, Iowa pork processing plant at the end of June, impacting nearly 1,300 employees. In a statement, Tyson Foods said it is working with state and local officials to provide resources to its employees.…With Financial Losses, Tyson to Shut Down Additional Plants
Published August 7, 2023
Tyson Foods is reporting a net third quarter loss of $417 million. That compares to a profit of $750 million one year ago. Tyson has already shut down two chicken processing plants to reduce costs and four additional plants are…A Difficult Quarter for Tyson Foods
Published May 9, 2023
Tyson Foods posted a loss of $97 million in the first quarter. That compares to net income of $829 million one year ago. This was the first quarterly loss for the largest U.S. meat producer since the fourth quarter of…Tyson Foods Suffers Significant Quarterly Decline
Published February 7, 2023
Tyson Foods is reporting quarterly profits of $316 million, down from $1.1 billion one year ago. This is the company’s largest year-over-year decline in quarterly net income since 2009.A Record Year for Tyson Foods
Published November 18, 2022
Tyson Foods is reporting record annual net income of $3.24 billion on net sales of $53.3 billion. "We saw a lot of really good things," said Donnie King, President/CEO." We delivered record sales revenue in earnings, the chicken turnaround progressed…Tyson Plant Suspended From Exporting Pork to China
Published August 30, 2022
China has suspended a Tyson pork processing plant in Indiana from its list of eligible suppliers. The reason for this suspension has not been confirmed. In a statement, Tyson officials said the company is confident the U.S. and Chinese governments…