Tyson Foods joins several other big companies leaving Chicago. What's going on?

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Tyson Foods is the latest company closing its Chicago-area offices, joining Boeing, Caterpillar and Citadel among others.

Boeing said in May it was leaving Chicago for Washington, DC, The company didn't blame crime. Analysts said the change signaled it has lost the commercial race to Airbus and wants to be seen as primarily a defense and space contractor. Boeing used to be based in Seattle from its founding in 1916 to 2001.

Caterpillar and Citadel also recently announced moves out of Chicago to different locations outside Illinois. Caterpillar was based in Deerfield, a suburb of the city.Kellogg said in June that its newly formed cereal and plant-based food companies will be headquartered in ChicagoTyson has had a rocky year because of inflation. It recently said that "demand for chicken is extremely strong," while demand for its higher-priced cuts of beef has softened.

Consumer demand for meat remained strong, Tyson said, but consumers are shifting between meats because of inflation. The company plans to launch new lower-priced options and also add new larger package sizes for consumers searching for value. Shares of Tyson are down about 25% for the year.-- CNN Business' Nathaniel Meyersohn contributed to this report.

 

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Tyson was not a Chicago based company, they bought out Hillshire and are consolidating HQ's. With remote work there is a good possibility the jobs will stay here anyway. More red meat from the anti-Chicago press

Good for anybody that leaves Chicago. The most corrupt and most crime in the United States!

Protect Illinois from another Pritzker term. Do not vote for Pritzker! Pass it on!

😢

Crime is rising and big business is leaving. Soon to lose the Bears.

When public safety is the reason why Fortune 500 companies leave your city and your mayor still refuses to acknowledge the issue… the tax implications will result in more massive property tax hikes, which will trickle down to rent hikes. We’re all doomed

Democratic leadership has ruined the city. It’s obvious. ROFL. JussieSmollett

Why? Because chicagosmayor allowed thugs to take over the town.

I would let these Failing companies, who are a burden to the tax base, move to other states who will give them the farm with no return on investments. Just look at Texas!

Nice work GovPritzker

SMH. I remember listening to the radio and hearing them announce Boeing was coming to Chicago back in the day.

I move from the chicago city to I buy a beautiful farm in the country 🤣🤣hope the Tyson take the workers to

So they also left Downers Grove and South Dakota, but only Chicago is Chicago's fault right?

Another Pritzker win!

Smart move... Get out while you still can.

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Big companies keep leaving Chicago. What's going on? | CNN BusinessTyson Foods is the latest company closing its Chicago offices, joining Boeing, Caterpillar, and Citadel, among others. So what's going on? So what’s going on? I don’t know. I have no idea. If only there were a journalist around to answer this for me. lorilightfoot chicago democrats Do you really need to ask? FYI, Caterpillar is based in Peoria, not Chicago. It’s called journalism, give it a shot sometime.
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