Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Rural town braces for Tyson plant closure as manufacturing booms elsewhere

by August 28, 2023
August 28, 2023
Rural town braces for Tyson plant closure as manufacturing booms elsewhere

Earlier this month in Noel, Missouri — population 2,124 — Tyson Foods hosted a job fair for the 1,500 chicken plant workers it plans to lay off in two months.

David Handy, a union steward and pallet jack operator at the site, said he pushed through his Covid-19 symptoms to make the 4 p.m. start time. When he arrived, there was a single employer offering positions that Handy said would’ve required a 60-mile commute.

“Wasn’t nothing for me,” said Handy, who stayed five minutes before returning home and calling out sick for the job he has worked for five years.

The Noel plant, which Tyson acquired from defunct meat processor Hudson Foods in the 1990s, is one of six whose closures the company announced this year as it looks to shore up its business. While inflation has fallen, grocery prices remain high and meat sales have slowed industrywide, contributing to Tyson’s $417 million loss in the last quarter.

The U.S. economy has seen a recent spike in business investment, partly fueled by historic levels of federal spending on domestic manufacturing, including in rural areas. But it’s unclear whether that boom will come fast enough for the more than 4,600 Tyson plant workers being cut in Missouri, Indiana, Arkansas and Virginia this year and next — layoffs that highlight the sometimes risky entanglements between small communities and big industrial employers.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Hopeful Market Breadth Signs Emerge; Smart Money Flows into New Sectors, Watch QQQ and NVDA
next post
What are the chances of a government shutdown?

Related Posts

Why the Federal Reserve has made everything more...

July 30, 2023

Pending home sales drop to a record low,...

December 3, 2023

Boeing CEO says China has stopped taking its...

April 24, 2025

Dollar General CEO warns consumers are cash-strapped and...

March 14, 2025

What’s at stake as the FTC tries to...

February 29, 2024

Spirit Airlines to pay up to $8.25 million...

August 26, 2023

‘Absurd’: NTSB chair blasts Boeing for failing to...

March 8, 2024

Amazon used an algorithm to essentially raise prices...

November 4, 2023

Thousands of autoworkers at Toyota and Honda move...

November 30, 2023

The charm of watching movies in theaters is...

September 26, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Japan to Test Deep-Sea Rare Earth Mining in Landmark Trials

    • Providence Gold Mines Inc. La Dama de Oro Gold & Financing Update

    • Top 9 Global Lithium Stocks (Updated January 2026)

    • Top 5 Canadian Mining Stocks This Week: Gold Reserve Jumps with 132 Percent Gain

    • Editor’s Picks: Experts Call for US$5,000 Gold, US$100+ Silver in 2026

    Categories

    • Business (1,424)
    • Investing (3,364)
    • Politics (3,699)
    • Stocks (1,907)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 moneycontrolplace.com | All Rights Reserved