Tyson to rebuild Plant after fire, pledges weekly pay for full-time workers


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Tyson to rebuild Plant after fire, pledges weekly pay for full-time workers

Springdale-based US meat processor, Tyson Foods Inc. issued a statement on Monday, the 12th of August 2019, saying that the second-largest processed meat producer across the world would soon rebuild its beef plant in Kansas after an outbreak of a deadly blaze which had heavily damaged its facility last week, forcing roughly 3,800 of its employees out of work.

Aside from that, the Arkansas-based American multinational processed meat producer, Tyson Foods Inc., adds in its Monday’s (August 12th) statement that full-time employees of its Kansas beef plant would be paid on a weekly basis until production resumes.

As a matter of fact, initially after the deadly blazes on Friday (August 9th) that turned Tyson’s Kansas beef plant’s last standing bricks into ashes, the company had been quoted saying that the plant would be shuttered down for an indefinite period of time, which in effect left roughly 3,800 of its employees without any work.

Apart from that, the Kansan plant used to process about 6,000 cattle per day, which represents almost 5 per cent of entire US beef industry output. Nonetheless, on Monday (August 12th) market, Tyson Foods Inc.’s share prices closed the day a penny down to $88.27 per share after recovering from an early drop during pre-market trading.

Although Tyson Foods Inc. officials could not confirm when the facility would reopen, yet adding that a rapid reform would take place shortly, group president of Tyson Foods Inc., the largest processed beef meat exporter in the United States, Steve Stouffer said to the reporters on Monday (August 12th), “We will use other plants within our network to help keep our supply chain full. ”