Tyson Foods to spend $50M on bonuses at its meat plants

  • 📰 ABC
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 23%
  • Publisher: 51%

Tyson Foods says it plans to spend roughly $50 million on year-end bonuses for over 80,000 hourly workers at its meatpacking plants that will give them between $300 and $700 apiece.

United States Headlines News

United States Latest News, United States Headlines

Those bonuses are on top of wage increases the company has approved at many of its plants as new contracts were negotiated over the past year. Tyson estimated that it has spent more $500 million on wage increases and other bonuses over the past year for the employees who kept its plants running throughout thepandemic. That includes the $200 bonuses it paid to workers who got vaccinated against the coronavirus.

The Springdale, Arkansas-based company said that over the past year the total value of the wages and benefits its hourly workers receive increased to $24 an hour on average, up from an average of $22 an hour. The figures released Monday don't include bonuses and raises Tyson plans to pay its salaried employees.

Even with the higher wages and bonuses, Tyson said last month that it earned $3.06 billion during its fiscal year, up from $2.07 billion in 2020, as demand for its products remained strong and prices increased. The meatpacking industry was especially hard hit by the virus that spread quickly through plants where workers stand shoulder-to-shoulder on production lines. A U.S. House report released this fall said that at least 59,000 meatpacking workers caught COVID-19 and 269 workers died when the virus swept through the industry. That estimate included workers at the largest meat companies, including Tyson, JBS, Smithfield Foods, Cargill and National Beef.

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:

 /  🏆 471. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Better then nothing. A lot places don’t even give out Christmas bonuses anymore

Paltry. They deserve more and more than enough profits were made

Done 💛💛💛

After taxes 175 to 250 really

Sorry, but the Griswolds can't afford to put in a pool with a measly 500 bucks.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jake Paul Leaves Fiery Voice DM For Tyson & Tommy Fury, 'You're A F****** B****'Jake Paul left a fiery voice memo for Tyson and Tommy Fury on Instagram in the middle of his interview with TMZ Sports ... and he held nothing back. Anyone even watch Tmz Sports anymore? I really wanna see this guy KO, like lights out for days. Can someone please do that? I hate when Real boxers do that posturing, pissing contest before the fight. But i hate it More when it’s wannabes who’s just doing it for shitload of cash and spotlight. Jake Paul is awesome been watching him for years he came into youtube and absolutely took over and everyone hated it now he did the same for boxing and it's hilarious!!! Jake and Logan are like idk they're special people a rare breed.
Source: TMZ - 🏆 379. / 59 Read more »

31 Iconic Discontinued Foods From the ‘90s and ‘00s — And Exactly What Happened To Each One Of ThemGet ready to unlock a bunch of memories you didn’t know you still had.
Source: BuzzFeed - 🏆 730. / 51 Read more »

Noodles & Co. Bets on Costlier Cheesy PastaRestaurants are wrestling with how much of their own expenses they can pass along to customers as costs for wages, ingredients and transportation climb nice parts of the crises are USDA ,FCA FNS and higher levels of the government farmers are putting together their efforts cultivation in worst of the worst states where weather conditions are not on their side and no help as loans to do better business Do what banks do. You'll be fine.
Source: WSJ - 🏆 98. / 63 Read more »

Jake Paul Leaves Fiery Voice DM For Tyson & Tommy Fury, 'You're A F****** B****'Jake Paul left a fiery voice memo for Tyson and Tommy Fury on Instagram in the middle of his interview with TMZ Sports ... and he held nothing back. Anyone even watch Tmz Sports anymore? I really wanna see this guy KO, like lights out for days. Can someone please do that? I hate when Real boxers do that posturing, pissing contest before the fight. But i hate it More when it’s wannabes who’s just doing it for shitload of cash and spotlight. Jake Paul is awesome been watching him for years he came into youtube and absolutely took over and everyone hated it now he did the same for boxing and it's hilarious!!! Jake and Logan are like idk they're special people a rare breed.
Source: TMZ - 🏆 379. / 59 Read more »

The Internet’s Favorite Grandmother on Her 10-Year-Old Meat ThermometerThe viral TikTok star behind Brunch with Babs rarely cooks without this reliable tool.
Source: Food52 - 🏆 113. / 63 Read more »

Hong Kong Covid: The Cathay pilots stuck in 'perpetual quarantine'One Cathay Pacific pilot said he had spent almost 150 days in quarantine this year alone. I HAVE 2 YEARS IN MY HOUSE Without going out, or going down to the street.
Source: bbchealth - 🏆 143. / 63 Read more »