Tyson Foods to close plant

by Editor fleischwirtschaft.com
Friday, April 03, 2009

Tyson Foods, Inc. is closing its Ponca City, Oklahoma, processed meats plant and is shifting production to other company facilities, the company announced. Tyson officials are trying to find a buyer for the plant, which has been in operation since 1995. The facility closing is expected to result in a non-cash charge to Tyson’s fiscal second quarter earnings of approximately $0.02 per share.

Tyson officials have been in contact with potential buyers of the plant; however, no sale has been completed.

The Ponca City plant produces a variety of deli-style luncheon meats and ham products. This production will gradually be shifted to Tyson plants in Buffalo, New York; Cherokee, Iowa and Houston, Texas.

The Ponca City plant closing will affect approximately 580 people, who are being given a 60-day notice as required by law. However, the actual termination of operations and displacement of workers will take place gradually. The closing process will begin in late May and will most likely not be completed until sometime in July or August.

Tyson intends to discuss other employment opportunities within the company. They will also work cooperatively with the Oklahoma Employment Security Commission, which will provide information about unemployment benefits and other job opportunities.