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Mixed beef sales volume for Tyson Foods

Noel White, CEO, Tyson Foods, said that during the second quarter of the company’s fiscal 2020, they witnessed an unprecedented shift in demand from foodservice to retail, temporary plant closures, reduced team member attendance, and supply chain volatility as a result of the coronavirus spread.

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Tyson Foods to pay US$60 million in bonuses

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.

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Lower beef sales for Tyson Foods

The U.S. meat processor posted adjusted first quarter 2020 earnings per share of US$1.66, up 5% year-on-year, and overall sales of US$10.8 billion (+1.4%), mainly driven by the pork and chicken segments.

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Tyson to open new facility in Kazakhstan

Tyson Fresh Meats, a subsidiary of U.S. headquartered Tyson Foods, signed an agreement with the Republic of Kazakhstan and private holding company Kusto Group to collaborate on a project which could lead to the construction of a modern beef processing plant in Kazakhstan.

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