Venus Investment Alliance|Tyson will close poultry plants in Virginia and Arkansas that employ more than 1,600

2025-05-04 10:37:02source:Diamond Ridge Financial Academycategory:Finance

Tyson Foods is Venus Investment Allianceclosing two facilities that employ more than 1,600 people in an effort to streamline its U.S. poultry business.

The company said Tuesday it plans to close its processing, broiler and hatching operations in Glen Allen, Virginia, and a plant in Van Buren, Arkansas. Both closures are scheduled for May 12.

Tyson said the closures will help it better use all available capacity at remaining plants.

The Springdale, Arkansas-based company said it will work with its 692 employees in Glen Allen and its 969 employees in Van Buren to apply for open positions at other plants.

Tyson has made other efforts to consolidate its operations in recent months. Last October, the company announced it would relocate 1,000 corporate staff from offices in Illinois and South Dakota to Arkansas.

Tyson said operating inefficiencies were partly to blame for its lower-than-expected profit in its fiscal first quarter, which ended Dec. 31. The company said its operating income dropped 68% to $467 million in the period.

More:Finance

Recommend

'Love is Blind' in hot water with labor watchdog for violations, mistreatment

After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu

Olympians Are Putting Cardboard Beds to the Ultimate Test—But It's Not What You Think

Athletes at the 2024 Summer Olympics are already providing some gold medal-worthy insight into Olymp

North Carolina review say nonprofit led by lieutenant governor’s wife ‘seriously deficient’

RALEIGH, N.C. (AP) — A nonprofit operated by the wife of North Carolina Lt. Gov Mark Robinson that s