Tyson Foods to terminate 228 Illinois employeesTyson Foods to terminate 228 Illinois employees
Around 50% of the South Dakota, Illinois workers have chosen to relocate to Arkansas.
June 14, 2023
Tyson Foods plans to lay off more than 225 employees in Illinois, who chose not to relocate to the company's headquarters in Springdale, Arkansas. According to the company's May 26 WARN notice, layoffs will begin July 31 and will conclude Aug. 14. Earlier this month, the company announced it would terminate 262 employees at its Dakota Dunes, South Dakota location.
In October 2022, Tyson announced plans to bring together approximately 1,000 corporate team members from the Chicago, Downers Grove and Dakota Dunes area corporate locations to Arkansas. At that time, the firm said the move would "foster closer collaboration, enhance team member agility and enable faster decision making."
The current layoff will impact 51 employees from Tyson's Downers Grove, Illinois location while the Chicago facility will lose 177.
In a letter to South Dakota officials on May 26, Jamison Smith, vice president of human resources for Tyson Foods, said "all affected team members were offered the opportunity to move to Springdale, but many team members have chosen not to make the move. We respect this personal and difficult decision made by each individual and want to ensure they receive as much support as possible as they transition in their careers."
Last month the company released weaker-than-expected Q2 2023 results, reporting a $97 million net loss versus a $829 million profit in Q2 2022. Beef and pork sales year over year were down 5.4% and 10.3%, respectively, while chicken sales compared to the same quarter last year were 2% higher.
In a press release issued detailing Q2 2023 results, Donnie King, president and CEO of Tyson Foods, stated, "While the current protein market is challenging, we have a strong growth strategy in place and are bullish on our long-term outlook. We saw strong performance in our branded foods business and continue to be laser-focused on meeting customer needs and planning the future with them.
"Through our growth strategy, focus on margin improvement, and proven leadership team, I am confident in our ability to capture the opportunities in front of us and create long-term value for customers, team members and shareholders."
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