Tyson Foods to pay $50 million in bonuses
The bonuses will go to frontline and hourly meatpacking workersTyson Foods announced today that it will pay some $50 million in year-end bonuses to frontline and hourly meatpacking workers. For team members in the US, the one-time bonuses will be based on tenure and range from $300 to $700. The bonuses will be distributed starting this month.
The company said it's looking for other ways to better support its frontline workforce. In addition to pay increases and signing bonuses, Tyson now offers more flexible work schedules at some facilities and, starting 1 January 2022, paid sick leave.
The company has opened seven health centres to give frontline team members and their families easier access to high-quality healthcare at, in most cases, no cost. Tyson is also working to address childcare needs.
Tyson said it has dispensed more than $500 million in wage increases and bonuses for frontline workers this past year. The rate for its hourly workers tops $24, including wages and medical, dental and vision insurance.
“Tyson wants to be the most sought-after place to work, period,” said Donnie King, president and chief executive officer of Tyson Foods. “Our frontline team members tell us higher pay is important, but that’s only a part of the story—they also want more flexibility and more say over their time."
"In rural parts of the country, they don’t want to have to drive miles to see the doctor," he added. "Everything we’re doing is because our team members are the heart of our business and its future success.”