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

Amazon and Nvidia say AI data center demand...

April 25, 2025

Capital One outage drags into Friday afternoon, leaving...

January 18, 2025

Black workers at California Tesla factory allege rampant...

June 12, 2023

McDonald’s plans to eliminate self-service soda stations at...

September 13, 2023

Buy Buy Baby stores set to shutter as...

July 16, 2023

Rite Aid bankruptcy means pharmacies will keep dwindling

October 17, 2023

Airports, racing to hire workers, compete to look...

July 31, 2023

Business groups hit back at efforts to cap...

March 6, 2024

Key Fed inflation measure rose 2.8% in March...

April 29, 2024

Google forcing some remote workers to come back...

April 24, 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

    • Editor’s Picks: Gold, Silver Prices Dip and Bounce Back, Plus Top Takeover Candidate

    • Justice Department’s antitrust chief says she’s leaving, effective immediately

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

    • When Diamonds Are Not Forever: NWT’s Diamond Industry Begins to Crack Under Pressure

    • Keith Weiner: Silver Being Remonetized “With a Vengeance” as Gold Rises

    Categories

    • Business (1,436)
    • Investing (3,512)
    • Politics (3,699)
    • Stocks (1,943)
    • 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