Tyson to close two older meat plants in Iowa

Tyson to close two older meat plants in Iowa
Tyson to close two older meat plants in Iowa

Journal-Star, Lincoln, NE
SPRINGDALE, Ark. — Tyson Foods Inc. plans to close two older meat plants in Iowa with a total of 400 workers. The company said Friday the plants at Independence and Oelwein, which produce sliced luncheon meats and chopped ham, are to close March 17.The move will mean a second-quarter charge of $16 million, or 3 cents per share, Tyson said. The company said reduced costs from the closure will save between $15 million and $20 million a year, the company said. The plant at Independence has been in operation for more than 50 years and has about 300 workers. Oelwein’s plant has about 90 workers and has been operating for 40 years. The plants in northeast Iowa will be sold, Tyson said.Meanwhile, Tyson said it would invest $30 million in expanded bacon production at its Cherokee, Iowa, plant.The company’s properties in Nebraska include offices, plants, warehouses, tanneries and other operations in Columbus, Dakota City, Lexington, Madison, Norfolk, Omaha, West Point and York.

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