Plant closure will lead to hundreds of layoffs in Riverside [Los Angeles Times (CA)]
Tyson Foods, Inc. (TSN)
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Source: Los Angeles Times
The closure comes as a limited cattle supply has led to record-high beef prices this year. The Riverside facility, operated by JBS subsidiary Swift Beef Co., prepares meat for sale in U.S. grocery stores but does not slaughter animals, JBS spokesperson Nikki Richardson said. The affected employees will be given opportunities at other JBS plants , including relocation support, Richardson said. Employees who choose not to relocate will be given a 60-day notice period before their employment ends. The price of beef has soared in recent months as ranchers have cut their herds due to a drought across pastureland and a parasite known as screwworm, which forced a halt to U.S. imports of Mexican cattle. Last month, meat processing giant Tyson Foods closed one if its largest beef-processing facilities in Nebraska. JBS said production handled at the Riverside plant will be transferred to other company facilities without interrupting customer supply or service. The transition is expec
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News
- Plant closure will lead to hundreds of layoffs in Riverside [Yahoo! Finance]Yahoo! Finance
- JBS to Close California Plant as Meat Processors Feel Pressure [Yahoo! Finance]Yahoo! Finance
- Tyson Foods (TSN) Is Up 6.1% After Shuttering Nebraska Beef Plant And Cutting Amarillo Shift [Yahoo! Finance]Yahoo! Finance
- Tyson Foods (NYSE:TSN) had its "neutral" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Tyson Foods (TSN) Stock Trades Up, Here Is Why [Yahoo! Finance]Yahoo! Finance
TSN
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- 11/10/25 - Beat
TSN
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- 12/1/25 - Form 4
- 11/26/25 - Form 4
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