Tyson Foods Inc (TSN.N) is joining other corporate
heavyweights in moving jobs from Illinois.
The largest U.S. meat company by sales said Wednesday
(October 05, 2022) it will relocate all corporate employees from offices in
Chicago and suburban Downers Grove to its headquarters in Springdale, Arkansas,
in Dakota Dunes, South Dakota.
It's the latest shakeup for Tyson, which has about 1,000 corporate employees in Chicago-area and South Dakota offices. Nationwide, meat companies have about 120,000 employees, about 114,000 of whom work in production facilities.
Tyson said it will begin a "phased relocation" of
the corporate employees early next year and that the move will benefit
collaboration and decision-making. Members of the Tyson family, which founded
Tyson Foods, and several top executives have long been based in Arkansas.
A company spokesperson said no layoffs are associated with
the relocations. It was not known how many office workers would make the move.
A spokesperson for Illinois Governor J.B. Pritzker said
Tyson "is making decisions based on its unique corporate needs" and
growing in other parts of the state. Tyson said in August that in an expansion
project at Caseyville, Illinois, the plant will create 250 jobs.
Still, Tyson's decision comes as another blow to Chicago's
business community after hedge fund Citadel moved its global headquarters from
the city to Miami in June. Boeing ( BA.N ) also said this year it would move
its headquarters from Chicago to Virginia, and Caterpillar ( CAT.N ) announced
plans to move from a city in the Chicago suburbs to Texas.
|Source: Online/SZK
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