The company will shutter a chicken processing plant in Glen Allen, Virginia that employs 692 people, as well as one in Van Buren, Arkansas, with 969 employees, on May 12. The closure decision “[reflects] our broader strategy to strengthen our poultry business by optimizing operations and utilizing the full available capacity at each plant,” a Tyson Foods\n \n spokesperson told CNN in an emailTuesday.
In the three months ending on December 31, “demand didn’t appear in the parts of the market where we had expected,” Tyson CEO Donnie King said on the call. “As a result, we had to move things around.” That led to higher costs and lower prices, he added. “As we think about moving forward, efficiency in our operations in our company will be the focal point for us,” he said. The company has been shaking up that part of the business amid broader turnover.
They just lost my business ,laying off workers for profit .... nope
Those chickens aren't going to pluck themselves. Laying off 1700 workers isn't going to boost profits, but the criminal price gouging for a retail chicken is where their profit boost is going to come from.
Lay off the CEO instead. How much are they making?
A better lead would be ‘Tyson lays of workers due to the terrible Biden economy’.
Boost profits? Has anyone gone to the store lately? Chicken is OUTRAGEOUS! EGGS? Don't get me started. How are they not making enormous profits? GREEDY AF.
New child overtime laws comes into effect… young economic migrants are allowed to work at higher risk meet packing plants, the Americans workers are no longer needed.
News flash: companies try to be profitable
person profits over employees yep I’m done buying Tyson
Unfortunately Corporations are in a reset!
Democrats ruin everything.
Isn't this evil? I mean we're actually saying 1700 people have lost their paychecks so that Tyson can make more money?
What is the minimum profit that the top executives need to make without screwing the subordinates.
MoneyFirst
Not gonna buy Tyson chicken anymore
Ah, capitalism. Ain't it wonderful?
Biden America total failure
Profits for the CEO
Thanks to biden increasing regulations, 1700 workers are losing their jobs!
When costs for production and goods to produce continue to go up people will be the ones who suffer every time
Hopefully they send the illegals home first
BidenEconomy
But wait!!!!! Joe Biden said the economy is doing great? This is another big business in America gearing up for the Joe Biden recession caused by overspending in the government and raising rates.... WAKE UP CNN VIEWERS,
Oh thit!
Thanks Biden !
Better for the company to keep some people working then to close completely. Where to you people that live in big cities think food in the grocery stores come from?
WORKERS, get together and BUY THAT PLANT. NOW. Farms are there waiting for orders, ready made trained workers, grab on or two marketing people and TURNT HIS INTO A POSITIVE. DO NOT Wait.
Don't tell Biden, he thinks they're getting'jobs done'-while we know people are struggling to get a job, or job that pays decently, & even if you've a job trying to live while prices are still going up. This is all stuff they said Trump would do(I believed them) but Biden's doing
How many people did CNN lay off to 'boost profits'?
Stop killing chickens, its 2023
It is NOT about profits, it is Part of TheDemocrats food shortage - another failure by JoeBiden
Always about the profit! Time to eat veggies only!
Because they can now replace those workers with Children (thanks Sharah Mestball Sanders).
And selling it their parts in supermarkets? Seriously CNN pick a better stock photo.
Scummy communist narrative headline disguised as news; article discarded.
No more Tyson for me.
Always the solution to boost profits cut the one thing that helps achieve those profits 🙄
Things are thick
Yet still they say the economy is growing
I love the wording in the headline. 'Boost Profits'. I'm sure the people behind this move want a bigger bonus for Xmas.
Well if they let these Nuts Vax the chickens no one will buy the shit ! Go woke go broke !
mediamannetje This is a good thing. If you can fire more people and get the same work done at a lower cost you should go for it. Their function is to be profitable, not create jobs.
I worked in 2 chicken factories and both closed it doors..
Less product vs high demand equals higher prices/profits. Pilgrims used same excuse after tornado in Mayfield then increased wages so they start off at $18.50 and still haven't rebuilt hatchery. When added in with bird flu they been having a record year in profits.
'In an effort to boost profits' You mean SURVIVE?
Boycotting Tyson products. This model has to end.
They mean creating bigger bonuses for the bosses of the company at the expense of the American worker.
State institutions should be there to protect if its a fact that the cooperation is doing that just to make profit whereas the state is faced with a huge chunk of unemployment would it not be better for the tax agencies to see where they can reduce their taxes in such to help.
Best news ever !!! Can we close them all !!
Go Vegan !! Christ. 🤦♀️🤦♀️🤦♀️
thanksbiden
They could just wait for a little while and wait for it to accidentally burn down.
Let's see how the overall quality of the product suffers.
CNN Fake News always trying to mislead. Here is the real reason: 'The company said its operating income dropped 68% to $467 million in that period.' 68% drop is a concern. It wasn't to 'boost profits' which sounds more like greed to make their profits greater.
Biden's Recession + Bidenflation + Bidenbankfailures + Bidenspending + Bidenbordercrisis = Great Depression Welcome to Biden's America.
They want to hire children instead
Ok imma stop eating chicken for no watch this TysonFoodsNews
If only America had a President. That person could freeze prices and put in prison any CEO that does what Tyson and the rest of the price gouging bastards are doing. We should look into getting a President that will abolish the GOP & DNC.
That makes lots of sense cnn (NOT). Why don’t you actually do some true investigation and get to the real reason they are laying off so many, rather than play the greed card. Divisive as always - and you are not a truly journalistic organization.
I hate eating chicken
Damn wonder what other places are gonna hire 1700 chickens
The greed is the driving force. Nothing will ever be enough they want it all.
That’s a fowl move.
Well Foster Farms is better.... And ones from the local farmers market even better than that. Greedy CEO. Poor workers.
I thought he grew weed?
We could always try, oh, I don't know, regulating the market.... but no...
I guess that means some children are out of work....
Guys it’s the poultry industry, which I think, is the most corrupt industry.
Tyson notes it’s unacceptable to make only $50 profit, per pound of chicken sold.
‘Cause those $14 frozen chickens don’t already cost enough…
So the ridiculous increase in prices isn't doing it? Absolutely insane. Greedy as companies.
Their net income last year was $3.249 billion and they gave $667 million in stock buybacks, and $2.2 billion in dividends.
Elections have consequences
Trickle down economics is just pissing on workers
They were able to raise prices by blaming the pandemic and now they have no excuses left to keep raising them. But they are still greedy bastards who don’t want to go back to normal, pre-pandemic profits, so they will cut workers instead.
Of course noone eats chicken
Maybe… just maybe this has something to do with the ridiculous inflation this country has has to endure under Biden?
Damn son when you can't even make a living selling your soul and body to pack meat
I have a crazy idea. If Tyson wants even more money then they could hire more people & increase production. The schools in the district I work for would get different types of chicken products from them but we couldn't past 2 years because Tyson says lack of supply.
What stage of capitalism is this?
Unbelievable! I will never buy Tyson ever again. The price of chicken is going to go even higher. Enough!!!!
So much for Biden’s job growth
Tyson has reached the cutting staff stage in this predictable story.
Tyson's CEO's salary is $12,000,000, and he's laying off 1,700 workers to boost profits. So, not only did he screw consumers by jacking up prices to boost profits, he's now screwing over his employees to boost profits even higher. Hey, let's give him more tax cuts. 🙄
Cheaper to pay children in Arkansas.
Boost profits or be more efficient?
FJB’s America…
Greed!
Profits over people…
Thanks for keeping us abreast of the situation
They have to meet wall street expectations. If you are a shareholder, they are doing it for you/their stock.
Its got egg all over its face.
Greedy corporations
Please, Tyson jacked their prices up like everyone else. They aren't financially hurting. Give me a break...
Election have consequences... If you voted DemocRat during the last Presidential election and midterms... You owe a starving American an Apology
crappy product. crappy corporate business model. I will be sure to buy my chicken from companies who care about workers, not their greed.
Stop eating chicken. It’s bad for the animals, the environment , and so many diseases come from dirty poultry plants.
CorporateGreed
How does this make sense
Well chickens are expensive to take care of and reproduction is slow.. so it can't be government regulation and taxes.. must be the farmers fault cause they are so greedy.. and ppls fault for not being able to afford it.. and the climate has changed sooooo...
Well I won't be buying tyson.
This is the FED at work remember Powell said higher unemployment is needed to curb inflation!!!
Fuck corporate greed. My heart goes out to the people who lost their jobs.
Huh ?
Can't let people have cheap chicken again, people will blame Biden anyway. Fire em.
By lessening their footprint they are opening the door for their competitors. A smart business would move fast to fill that void. Perdue, others?
Things are going to hell because so many people in positions of power/wealth want to Boost Profits. Safety and Quality are down on most everything. Employees are disposable. Marketing is king. Get and keep the masses poor and sick. Makes me so damn mad I could just spit.
Cut executive salaries. Thats a great easy way to boost profits.
CUT BACK ON THE RIDICULOUS CEO SALARY THEN WHY IS THAT NEVER THE ANSWER
It's for the better to not eat Tyson.
Now watch chicken prices go up 50 %
BidenWorstPresidentEver
Thanks POTUS
Evil. Truly evil.
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