Tyson Foods to Cut Costs and Jobs

July 13, 2006 — 

In an effort to reduce spending by $200 million, Tyson Foods announced plans to eliminate 420 jobs primarily held by management and management support Team Members. In addition, another 430 positions currently vacant will not be filled. Tyson currently employs 114,000 people worldwide.

Jobs being eliminated include approximately 140 positions currently held by Tyson Team Members in northwest Arkansas and 90 in Dakota Dunes, South Dakota and Dakota City, Nebraska. The remaining positions are at various locations throughout the company. The company is also eliminating the services of 40 outside consultants. Hourly plant production jobs are not affected by this initiative.

Source:
Tyson Foods, Press Release July 13, 2006