Tyson Foods to pay US$60 million in bonuses

United States
Published:  01 April, 2020

The U.S. meatpacker said it will pay approximately US$60 million in “thank you” bonuses to 116,000 frontline workers and lorry drivers in the U.S., who are supporting the company’s operations to provide food during the COVID-19 pandemic.

Eligible team members are to receive a US$500 bonus, payable during the first week of July, in addition to other company-announced efforts to support workers, plant communities and livestock producers during the global pandemic. “Our team members are leading the charge to continue providing food to the nation”, said Noel White, CEO, Tyson Foods. “The bonuses are another way we can say ‘thank you’ for their efforts.”

Tyson also recently announced it has committed US$13 million to support critical needs in local communities where the company operates in response to the pandemic, including US$2 million in grants that will be allocated to non-profit organisations to help support Tyson team members and the local community. Investments will be focussed on non-profit partners providing emergency response efforts such as rent and utility assistance, food distribution, health care, childcare, small business support and other economic recovery services.

In an effort to help cattle feeders weather the impact of the pandemic, Tyson Fresh Meats also provided a one-time premium for cattle harvested the week of March 23.