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Stock impact report

Tyson to close Hillshire Brands plant in Georgia [Yahoo! Finance]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Tyson Foods is closing a Hillshire Brands plant in Rome, Georgia, and laying off 168 workers after "recent changes have made continued operations at the site no longer viable," according to a statement. The facility will cease operations May 31, according to a WARN notice filed with the state . Tyson is encouraging affected workers to apply for other positions in the company. The plant manufactured Nature Valley Granola bars for General Mills on a contract basis, according to local news reports . Tyson added in a statement the facility has "operated under a unique single-customer model," but did not provide more specifics. Dive Insight: The closure comes as Tyson consolidates its manufacturing network to focus on production efficiency and cost savings. The meatpacker closed its largest beef plant in Lexington , Nebraska, in January to "right size" its business as a severe cattle shortage raises processors' costs and creates a surplus of manufacturing capacity. The Rome plan Show less Read more
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