The seven overseas plants include new fully-cooked chicken plants in Europe, Malaysia, Thailand and four in China. The plants will increase capacity by 1.3 billion pounds. King also said 12 new plants will open in the next two years, seven of them abroad. “Our labor situation today is better than it has been in two years.” “Our plan is working and capacity is improving and employee satisfaction is also better today,” King said. He said the vaccine mandate is paying off, as are flexible work schedules and higher wages, wellness benefits and newly piloted childcare help in select facilities. The labor issues were discussed at length with CEO Donnie King saying plants operated near 80% capacity which made it tough to best serve customers. The deboning line jobs are the hardest to fill and retain. ![]() More than 100 of the deboning lines in the U.S. ![]() 9) where top executives unveiled growth plans and discussed challenges.Ĭompany leaders said they plan to invest more than $1.3 billion on new automation in the next three years to grow market share and tap increased global demand. ![]() The Springdale-based meat giant held its annual investor conference on Thursday (Dec. Tyson Foods is bullish on opportunities to grow revenue and record net income of $8 per share through 2024.
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