Tyson Foods
| Use attributes for filter ! | |
| Web site | www.tysonfoods.com |
|---|---|
| Stock price | TSN |
| Disclaimer | |
| Headquarters | Springdale |
| Arkansas | |
| United States | |
| Founders | John W. Tyson |
| Subsidiaries | COBB VANTRESS INC |
| Keystone Foods | |
| Executives | Noel White |
| Date of Reg. | |
| Date of Upd. | |
| ID | 712472 |
About Tyson Foods
Tyson Foods, Inc. is an American multinational corporation based in Springdale, Arkansas, that operates in the food industry. The company is the world's second largest processor and marketer of chicken, beef, and pork after JBS S. A. and annually exports the largest percentage of beef out of the United States.
Cost of living: Beyond Meat hit as shoppers shift to cheaper animal protein
... However, the company now faces competition from the likes of food giants Kellogg and Tyson Foods...
Beyond Meat executive exits after biting incident
... The company has also seen its edge eroded by a wealth of new competitors, including from food giants such as Kellogg and Tyson Foods...
Beyond Meat: Vegan food executive accused of biting man's nose
... Mr Ramsey previously had a three-decade career at meat processing giant Tyson Foods, where he oversaw the company s poultry and McDonald s business units...
Vaccine mandates: 'I lost my job for being unvaccinated'
... At food manufacturer Tyson Foods, after the firm instituted the requirement in August, calling it the " single most effective thing we can do to protect our team members"...
Coronavirus in Smithfield pork plant: The untold story of America's largest outbreak
... Two workers at a Tyson Foods plant in Iowa also died, while 148 others were sick...
Cultured lab meat may make climate change worse
... Tyson Foods, one of the biggest US meat processors, has also invested an undisclosed amount in Memphis Meats, another firm in this field that says it is harvesting cells instead of animals ...
Beyond Meat executive exits after biting incident
By Natalie ShermanBusiness reporter, New York
The Beyond Meat executive who was accused of biting A Man 's nose is leaving the vegan food company.
The Company , known for its plant-based burgers, had suspended Douglas Ramsey, then chief operating officer, indefinitely after The Incident .
His departure comes amid a broader shake-up at The Company , which is struggling with faltering demand for Fake Meat .
The Firm also said it was axing 200 staff, about 20% of its workforce.
" We believe our decision to reduce personnel and expenses throughout The Company , including our leadership group, reflects an appropriate right-sizing of our organization given current economic conditions, " Beyond Meat boss Ethan Brown said.
" We remain confident in our ability to deliver on the long-term growth and impact expected from our global brand. "
Beyond Meat , which started selling its plant-based food in 2012, has blamed cost-of-living pressures for pushing shoppers to less expensive options, including traditional meat.
The Company has also seen its edge eroded by a wealth of new competitors, including from food giants such as Kellogg and Tyson Foods .
Executives warned investors on Friday that sales this year are likely to fall 9% to 14% compared to 2021.
It is The Second time The Company had cut its forecast in recent months - and marks a sharp slowdown from the More Than 20% growth The Firm had initially projected.
The Company said it had been " negatively impacted by ongoing softness in the plant-based meat category overall, especially in the refrigerated subsegment, and by the impact of increased competition".
" Inflation is believed to be an underlying factor exerting pressure on the category as consumers trade down into cheaper forms of protein, including animal meat, " it added.
Beyond Meat had announced an earlier round of job cuts in August. Multiple executives in addition to Mr Ramsey have also left The Company in recent weeks.
The Company did not respond to a request for comment about Mr Ramsey.
He was arrested last month for reportedly biting A Man 's nose during a row after a football game in Arkansas. His last day was 14 October, The Company said.
Before joining Beyond Meat Last Year , Mr Ramsey had a three-decade career at meat processing giant Tyson Foods , where he oversaw The Company 's poultry and McDonald's business units.
Source of news: bbc.com
