Tyson Foods to lay off 1,700 employees, close 2 chicken plants

Tyson Foods will close 2 chicken plants in May, impacting almost 1,700 workers.

“While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and utilizing full available capacity at each plant,” Tyson stated in a declaration to CNBC.

In its most current quarter, Tyson’s chicken company underperformed expectations as its operating earnings was cut in half compared to the year-ago duration.

The business’s plants in Van Buren, Arkansas, and Glen Allen, Virginia, will close May12 Demand will be moved to other Tyson centers. The Wall Street Journal initially reported the approaching closures.

Tyson stated it is assisting impacted workers get open tasks and using moving support to other plants. The Glen Allen plant has 692 workers, while the Van Buren center has 969 employees.

The meat giant is the current food provider to lay off employees in an effort to cut expenses.

Beyond Meat and Impossible Foods, both of that make alternative meats, have actually cut more than a fifth of their labor forces as need subsides for their items and the business seek to save money. Coca-Cola provided voluntary buyouts to North American employees, while PepsiCo cut tasks in its Frito-Lay and North American drink systems. Spice giant McCormick stated it would use buyouts and lay off employees as part of a strategy to conserve $75 million.