By Michelle Chapman | Associated Press
The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024. The company currently estimates having $300 million to $400 million in total charges, based on a preliminary analysis.
Tyson launched a plan in fiscal 2022 where it targeted $1 billion in productivity savings by the end of fiscal 2024. The company said that it realized more than $700 million of savings in fiscal 2022, which partially offset the impacts of inflationary market conditions. Tyson topped its $1 billion target in the second quarter of fiscal 2023, more than a year ahead of its plan.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Footage shows Mike Tyson giving Francis Ngannou tips about Tyson Fury fight four years before he was made former UFC champion’s coachMike Tyson secured his spot on Francis Ngannou’s coaching team four years before his fight with Tyson Fury became a reality. The boxing legend invited Ngannou to appear on his Hotboxin podcast in 2…
Source: talkSPORT - 🏆 91. / 53 Read more »
Do nutrient-enriched foods improve human health?Do nutrient-enriched foods improve human health? Nutrients_MDPI nutrients nutrientenrichedfoods health nutrients food diet
Source: NewsMedical - 🏆 19. / 71 Read more »
'Tyson's mental health struggles are annoying but I'm his rock,' says Paris FuryParis Fury might be married to a fighting champ of the world but – with baby number seven on the way – home life can be tough, as she also navigates Tyson's unpredictable moods
Source: OK_Magazine - 🏆 12. / 84 Read more »
Tyson Fury had surprise answer when asked how he would deal with someone who stole from himBeing someone who beats up people for a living, Tyson Fury may seem scary, but that is not necessarily the case. While promoting his upcoming Netflix show, ‘At Home With the Furys’, …
Source: talkSPORT - 🏆 91. / 53 Read more »
'Our fame isn't pleasurable - I want fans to leave us alone!' admits Tyson FuryHe might be the Gypsy King to his fans, but to his family he's just Tyson Fury. Chatting to OK! about his upcoming show, he admits that fame 'isn't what it's cracked up to be'
Source: OK_Magazine - 🏆 12. / 84 Read more »
'I don't know how we will continue': Shop owner claims LEZ slashed business by halfThe owner of Zad Foods has claimed the Low Emission Zone has slashed his earnings in half and may be forced to close his business.
Source: Glasgow_Times - 🏆 76. / 59 Read more »