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

Government shutdown November deadline: What happens to Social...

November 15, 2023

Congress approved a TikTok ban. Why it could...

April 26, 2024

TGI Fridays to close 36 ‘underperforming’ locations across...

January 6, 2024

Fintech company Chime files for Nasdaq IPO

May 14, 2025

Skechers to be acquired by 3G Capital in...

May 6, 2025

Target doubles bonuses for salaried employees as profits...

March 25, 2024

U.S. GDP grew at a 4.9% annual pace...

October 27, 2023

Former Bed Bath & Beyond investor Ryan Cohen...

August 1, 2023

Former FTX chief Sam Bankman-Fried seeks no more...

February 29, 2024

The Body Shop shuts down U.S. operations, with...

March 12, 2024

    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

    • High Grade Assays Verify the Emerging Manindi VTM Project

    • Sigma Lithium Makes New Lithium Fines Sale, Unlocks US$96 Million Credit Facility

    • Silverco Mining: Advancing a High-grade Silver Mining Complex in Mexico

    • Canada One Assays up to 9.96 g/t High-Grade Au with Cu and Ag at the Reco Target, Copper Dome Project

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

    Categories

    • Business (1,436)
    • Investing (3,522)
    • Politics (3,699)
    • Stocks (1,946)
    • 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