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

- Advertisement -


Tyson Foods said Monday it plans to spend about $50 million on annual end bonuses for more than 80,000 hourly workers at its meatpacking plant, which will give them between $300 and $700.

- Advertisement -

- Advertisement -

Springdale, Ark. – Tyson Foods said Monday it plans to spend about $50 million on year-end bonuses for its more than 80,000 hourly workers at its meatpacking plant that will give them between $300 and $700.

- Advertisement -

The Arkansas-based company, Springdale, said the total value of wages and benefits it receives for its hourly employees has risen from an average of $22 an hour to $24 an hour over the past year.

Figures released on Monday do not include bonuses and plans Tyson plans to pay to his salaried employees.

Even with higher salaries 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 rose.

The meatpacking industry was particularly hard hit by the virus, which spreads rapidly through plants where workers stand side by side on production lines. A US House report released this fall said at least 59,000 meatpacking workers caught COVID-19 and 269 workers died when the virus swept through the industry. That estimate included employees from the largest meat companies, including Tyson, JBS, Smithfield Foods, Cargill and National Beef.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox