Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

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
Usain Bolt: The story behind one of athletics’ most iconic images
next post
What are the chances of a government shutdown?

Related Posts

Business groups hit back at efforts to cap...

March 6, 2024

Going camping off the grid is getting harder....

June 17, 2024

McDonald’s is working to introduce a $5 value...

May 11, 2024

Nvidia’s CEO did a Q&A with analysts. What...

March 24, 2025

New Orleans prepares for Super Bowl 59, its...

February 8, 2025

Why companies are canceling summer Fridays

June 17, 2024

Wholesale inflation rose 0.6% in February, much more...

March 15, 2024

Higher tax filing costs could take a bite...

February 3, 2024

Richard Parsons, former Time Warner CEO, dies at...

January 3, 2025

Google CEO Pichai struggled to navigate a pressure-filled...

January 3, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      ‘This is a life-changing event’: Floridians start an arduous recovery as Idalia keeps thrashing North Carolina

      September 1, 2023
    • 2

      Letter from the CEO: Unlocking the True Value of Electric Royalties Ltd

      March 26, 2025
    • 3

      Waymo offers teen accounts for driverless rides

      July 9, 2025
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Strong Leach Recoveries and Low Impurities

      July 9, 2025
    • 6

      Tesla asks shareholders to vote again on Musk’s $56 billion payout

      April 18, 2024
    • 7

      Eruption of Indonesia’s Mount Lewotobi Laki Laki volcano sends ash 11 miles high

      July 7, 2025

    Categories

    • Business (1,092)
    • Investing (2,145)
    • Politics (2,979)
    • Uncategorized (20)
    • World (3,421)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 © 2025 thriftybanker.com | All Rights Reserved