Tyson Foods is closing two chicken plants in the U.S. with nearly 1,700 employees and I wonder if Bill Gates gets excited about these things
· Mar 16, 2023 · NottheBee.com

You guys, Tyson Foods is not doing well.

Meanwhile…

Now I don't want to turn this into a Bill Gates conspiracy theory, so I'll drop the act here pretty quickly. I just wanted to throw it out there that, yes, Bill Gates is the top private farmland owner in America. He's also got some pretty interesting investment ideas which include creating cows which yield more milk but also getting rid of cows in favor of bugs.

It just makes you wonder how the guy might feel seeing a competitor struggle in this way.

Anyhow, enough of that.

Tyson Foods. They're closing two plants which are home to nearly 1,700 employees.

Tyson Foods Inc (TSN.N) will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday.

The closures show the biggest U.S. meat company by sales is still trying to figure out how to improve its chicken business that has struggled for years.

Tyson will shut a plant in Glen Allen, Virginia, with 692 employees and a plant in Van Buren, Arkansas, with 969 employees, according to a statement.

Tyson's been struggling for a while now, and this comes as not much of a surprise to those who've been paying attention.

"They're desperate," said Magaly Licolli, director of Venceremos, an organization that advocates for poultry workers in Arkansas. "They're trying to save money and cutting workers and making other workers do more."

Tyson had about 124,000 U.S. employees as of Oct. 1, including 118,000 workers at non-corporate sites like meat plants, regulatory filings show. In October, the company said it would relocate all corporate employees to its headquarters in Springdale, Arkansas.

Is it typical for the best economy ever to be firing more and more workers at a record pace? Asking for a friend.

Anyway, I think I know somebody who might be looking to buy a lot more shares than I could ever dream of purchasing.


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