Iowa is now hit by massive layoffs in its manufacturing sector as a major food company announces nearly 1,300 job cuts.
Angry shoppers are boycotting Tyson Foods products as the $53-million meat firm shutters plants in Iowa and elsewhere while hiring thousands of asylum seekers at job fairs in New York, reports Daily Mail.
Tyson Foods announced Monday that it would close its pork processing plant in Perry on June 28th.
The closure of the facility will result in a whopping 1,276 manufacturing jobs being lost.
“While this decision was not easy, it emphasizes our focus to optimize the efficiency of our operations to best serve our customers,” said a Tyson spokesperson.
The company currently employs over 9,000 workers across its other Iowa facilities.
Perry Mayor Dirk Cavanaugh stated, “It’s a big blow to the community. It’s going to be tough to figure out what to do without them.”
The Perry plant closure is the latest in a series of eight facility shutdowns by Tyson since the beginning of 2022 as it aims to streamline operations.
However, this represents the largest single job cut so far.
America First Legal, a conservative action group launched by former Trump administration officials, warned Tyson that it could be breaking the law by favoring foreign-born workers over Americans.
“It is ILLEGAL under federal law to discriminate against American citizens based on their citizenship in favor of non-citizens of any kind when it comes to employment,” the legal action group posted online.
Below is a list of other businesses who have advised of upcoming layoffs in Iowa this year:
- John Deere. 150 job cuts by 5/20,
- Faircast, Inc. 88 job cuts by 4/13.
- Cygnus Home Service dba Yelloh. 55 job cuts by 5/3.
For more news and updates like this, opt-in for push notifications.
Also Read: Massive Clothing Retailer Is Now Shuttering All Stores This Sunday
Other Economy News Today
A facility in Texas now announces an unexpected closure, which will impact nearly 200 employees, sources are confirming.
After more than a decade in business, Lubbock snack facility Shearer’s Foods will shut down next month due to a decrease in demand, according to company officials.
Records obtained on Feb. 20 indicated that a total of 176 positions were impacted by the closure.
Shearer’s Foods is “the largest supplier of private brand salty snacks and the second-largest supplier of private brand cookies and crackers in North America,” according to the company’s website.
The company also has had a Lubbock production facility at 3203 Ave. B since 2007.
The Lubbock facility will end operations on March 31, the company confirmed in an emailed statement.
“After an extensive period of consideration, the difficult decision has been made to shutter production at our facility in Lubbock, TX effective March 31st, 2024,” the communications team stated.
“This decision came after closely analyzing our supply chain and determining how to best manufacture our products to service our customers.
The decision was made largely due to a decrease in demand from the largest customer of the facility.”
The company said employees have been offered benefits to stay until March 31, including “severance pay based on tenure, continued health insurance benefits and payout of unused vacation time.”
Employees will be eligible to apply for unemployment benefits.
“Shearer’s is committed to assisting team members in finding new employment by offering opportunities to transfer to another Shearer’s facility, as well as connecting with employers in the Lubbock area to fill their open jobs,” the communications team stated.
“We are grateful for the many contributions of our dedicated team members in Lubbock.
We will do our very best to support them in their transition within Shearer’s or externally.”
For more news and updates like this, opt-in for push notifications.
Also Read: This Massive Clothing Retailer Is Now Closing Three More Stores
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You ✨
About The Author
Who believes that “American Citizens” work in the packing plants in Iowa now??
Faircast is not “laying off” 88 employees. The last 35 employees have been given notice that the plant is permanently closed.
Dirk Cavanaugh is not the mayor of Des Moines.
Cavanaugh is the mayor of Perry, where the plant is located, not Des Moines.
In a state of over 3 million, and with an unemployment rate of 3% for many continuous months, these layoffs are HARDLY massive. Lets tell the truth, Tyson will deeply effect the community of Perry. And thats about it.
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.