Tyson Foods, Inc. is cutting 500 jobs according to a filing with the U.S. Securities and Exchange Commission, reports Meat + Poultry. The job cuts will mostly be in corporate officers in Springdale and Chicago, Ill. The SEC filing also included a restructuring charge of $44 million for severances and other costs associated with the job cuts.
“We have an ongoing focus on financial fitness to make sure our business remains competitive,” says Tyson spokesman Gary Mickelson. “This means we’re continually reviewing our resources including staffing levels. We’ve recently reduced some roles and relocated others. It’s always difficult to eliminate and move jobs, and we’re doing this only after careful consideration.” Full Story
Related: Tyson Foods Creates Protein Coalition; Tyson Ends Production of Yappah Brand.
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