Tyson shuts Iowa beef plant because there is not adequate cattle

Tyson Meals is shutting down most of a meat processing plant in Iowa simply because of as well considerably beef and not adequate cattle.

Tyson mentioned that 400 personnel will lose their employment at the plant in Denison, a metropolis of about 8,000. But they’re currently being encouraged to relocate to Tyson employment elsewhere, specifically its beef plant in Lincoln, Nebraska, virtually three hundred miles away.

Tyson ( TSN ) will keep a crew of twenty personnel at the Denison plant who will method non-beef byproducts from other Tyson spots.

The business mentioned it truly is “reducing beef generation thanks to a ongoing absence of obtainable cattle.”

Personnel who dropped their employment will get 60 times spend, even if they’re not on the task.

Denison Mayor Brad Bonner explained he just isn’t anxious about Tyson workers discovering nearby positions, because there are five hundred open employment in the county, most of them for meat processing. He mentioned one plant is hunting to employ the service of 80 staff.

“That’s the excellent news about being in Iowa: We have very low unemployment prices right now,” he explained.

He mentioned the positions generally pay $ fourteen to $ 16 an hour, in an area where month-to-month mortgage payments of $ 350 are the norm.

Tyson stated the Denison plant was opened in 1961 by Iowa Beef Packers, which Tyson acquired in 2001.