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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTyson Foods plants layoffs: Nearly 5,000 expected to lose their jobs on Tuesday
https://share.google/7j7f2E5swv5UqDIk1"SPRINGDALE, Ark. (KNWA/KFTA) A pair of Tyson Foods beef plants are expected to lay off a total of nearly 5,000 workers on Tuesday as part of the companys plan to right size its beef business.
After its beef segment posted a record $1.135 billion loss in fiscal 2025, or $426 million adjusted, Tyson announced in November that it would end operations at its Lexington, Nebraska, beef facility and convert its Amarillo, Texas, beef facility to a single, full-capacity shift.
All 3,212 employees are expected to be laid off at the Lexington facility, and the move to a single shift at the Amarillo plant will eliminate 1,761 jobs, according to Texas and Nebraska Worker Adjustment & Retraining Notification (WARN) notices.
The Associated Press reported at the time of Tysons announcement that the two moves would reduce beef processing capacity nationwide by 7-9%."
Ritabert
(2,043 posts)CentralMass
(16,873 posts)They are calling it "right sizing" their work force. Amazon had a big layoffs a month or two back where they said the same. This administration and the Oligarchy that back him are running a scorched earth campaign campaign on enployment to maximize profits. The job losses are really starting to mount.
CentralMass
(16,873 posts)Inventory is low and climate change is destroying pasture lands and costs for feed fertalizer and fuel have increased.
"The U.S. beef inventory is at a 75-year low due to a combination of environmental and economic factors.
Key Reasons for Low Inventory
Persistent Drought: Years of severe drought (20192025) across the Southern Plains and West destroyed pastures and drove up hay prices. Ranchers were forced to sell off cattle they could no longer afford to feed.
Herd Liquidation: Because of high costs, producers slaughtered breeding cows and "replacement heifers" instead of keeping them to grow the herd. This effectively broke the reproductive cycle.
Input Costs: High inflation for fuel, fertilizer, and feed has made expanding herds financially risky for many family-run operations.
Import Restrictions: Recent suspensions of live cattle imports from Mexicodue to New World Screwworm concernsfurther tightened the supply of feeder cattle entering U.S. feedlots.
The Biological Lag: It takes roughly two to three years from the time a rancher decides to keep a cow to when that animals offspring reaches the market. Because herd rebuilding is only just beginning, supplies will remain tight through at least 2026.
Market Impact
The national herd size has dropped to approximately 86.5 million head, levels not seen since the Truman administration in 1951. This scarcity is the primary driver behind record-high retail beef prices at grocery stores."
UpInArms
(54,168 posts)Thank you