This closure comes in the wake of Tyson’s recent shutdowns, including poultry facilities in Corydon, Ind.; Dexter, Mo.; North Little Rock, Ark.; and Noel, Mo., affecting around 3,000 workers. The Perry pork facility closure is expected to be completed by the end of June, aligning with Tyson’s ongoing restructuring efforts.
Tyson Foods, which experienced significant profits during the COVID-19 pandemic, has faced a subsequent decline in demand for certain products. The pork division reported an adjusted operating loss of $128 million in the fiscal year ending September 30, 2023, compared to a $198 million income in the previous year. Sales volumes declined by 2.2%, and average prices slid by 7.9%.
As the Perry plant played a crucial role in processing approximately 9,000 pigs per day, its closure represents nearly 2% of total U.S. pork production. The broader implications of this decision on the local and regional economy underscore the challenges faced by communities dependent on the meat processing industry.
Tyson Foods remains committed to its presence in Iowa, with over 9,000 team members employed across its other facilities in the state. The company has undergone recent strategic changes, including the launch of the OneTyson program and the opening of new facilities in Virginia and Kentucky, signaling a dynamic period for the meatpacking giant.
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