Tyson Foods Employees From Chicago And Dakota Business Units Plan To Quit

Tyson Foods Inc TSN employees from its Illinois and South Dakota business units are planning to leave the company.
The move comes as Tyson solidifies its corporate offices to northwest Arkansas in 2023, the Wall Street Journal reported.
The food processing company had said in October it plans to bring together all its corporate team members from the Chicago, Downers Grove and Dakota Dunes area corporate locations to its world headquarters in Springdale, Arkansas.
The decision, according to Tyson, is expected to boost closer collaboration, enhance team member agility, and enable faster decision-making.
So, the company asked its workers to decide if they wanted to relocate to Arkansas and gave them time until November 14.
About three-quarters of the 500 employees in the South Dakota office have seemingly decided against moving to Arkansas and are mulling leaving when the company winds up its offices in mid-2023.
Also, over 90% of workers in Chicago did not favor relocating.
The senior vice president of Tyson’s pork business, Leah Andersen, is also expected to leave.
Tyson’s beef and pork division constituted about half of its $53 billion revenue in FY2022.
“I’m confident the plan we have in place ensures business continuity and positions us for long-term success,” said CEO Donnie King.
“We knew there would be a variety of responses when we announced the consolidation of our corporate locations.”
Price Action: TSN shares are trading lower by 0.71% at $60.33 on the last check Thursday.

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