US-based multinational meat processor Tyson Foods has entered the plant-based market in the Asia-Pacific region, launching a range of meat-free products under its First Pride brand name.
Tyson Foods to Cut US Chicken Slaughter Capacity by 10% as Sales Decline
Meatpacker Tyson Foods has announced plans to close four US facilities, representing around 10% of its chicken slaughter capacity, following a drop in sales. Operations will cease at the sites in Arkansas, Indiana, and Missouri by the beginning of next year at the latest. The closures are also expected to affect local chicken farmers and feed producers. The news comes just months after Tyson closed two other US chicken plants, leading to the loss of almost 1,700 jobs. The company also announced it would be eliminating 10% of corporate jobs and 15% of senior leadership roles earlier this year. While the pandemic saw Tyson’s sales increase as meat prices rose, this trend now appears to have been reversed, as the company reported an operational loss …