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Tyson Foods Incorporated


News and Blogs

Total : 26 View more »

Tyson Foods found in violation of Fair Labor Standards Act

www.reliableplant.com | Nov 5, 2009

Tyson Foods Inc., one of the nation's largest poultry producers, has been found in violation of the Fair Labor Standards Act (FLSA) at its Blountsville, Ala., facility.

http://www.reliableplant.com/article.aspx?articleid=21084

Court Rules Tyson Foods Violated Labor Laws

www.industryweek.com | Nov 5, 2009

Poultry producer Tyson Foods Inc. was found in violation of the Fair Standards Labor Act by for failing to pay employees at an Alabama plant for various activities, including time spent suiting up and removing safety gear, the U.S. Labor Department reported Nov. 5. The U.S.

http://www.industryweek.com/articles/court_rules_tyson_foods_violated_labor_laws_20351.aspx

Tyson Foods found in violation of Fair Labor Standards Act

www.prnewswire.com

BIRMINGHAM, Ala., Nov. 5 /PRNewswire-USNewswire/ -- Tyson Foods Inc., one of the nation's largest poultry producers, has been found in violation of the Fair Labor Standards Act (FLSA) at its Blountsville, Ala., facility.

http://www.prnewswire.com/news-releases/tyson-foods-found-in-violation-of-fair-labor-standards-act-69302917.html

Tyson Foods, Robin Miller Pair Up To Provide Meals Recipe

www.food-business-review.com | Sep 8, 2009

Robin's recipes, such as Smothered Brisket Pizza and Pulled Pork in Biscuit Cups with Ranch Slaw use Tyson Fully Cooked Heat 'N Eat Dinner Meats to help cut down on meal preparation time.

http://www.food-business-review.com/news/tyson_foods_robin_miller_pair_up_to_provide_meals_recipe_090908

 

Tyson Foods found in violation of Fair Labor Standards Act - Zibb.com

Tyson Foods Inc., one of the nation's largest poultry producers, has been found in violation of the Fair Labor Standards Act (FLSA) at its Blountsville, Ala., facility. The jury's verdict in federal court in Birmingham resulted from a lawsuit filed by the U.S. Department of Labor against the company.

"We are very pleased that the jury in Birmingham has vindicated our position that employers must pay their workers for the time that they are required to work," said Secretary of Labor Hilda L. Solis. "This is a victory for workers, and the result of years of dedicated efforts to protecting the rights of working Americans on the part of attorneys, investigators and others within the Labor Department."

"The addition of 250 new wage and hour field investigators -- a staff increase of more than a third -- along with additional new staff in the department's Office of the Solicitor, makes clear our commitment to ensuring compliance with federal labor laws for the benefit of America's working families," added Secretary Solis.

The Department of Labor's lawsuit was filed in the U.S. District Court for the Northern District of Alabama. The federal department alleged that Tyson Foods did not keep accurate records and failed to pay production line employees for the time they spend donning and doffing safety and sanitary gear, and performing other related work activities. The violations cover the period from the year 2000 to the present and affect approximately 3,000 current and former workers at the plant.

The initial investigation began in April 2000 as part of the department's Wage and Hour Division's poultry enforcement initiative. The Labor Department filed the district court complaint in May 2002 following the company's failure to comply with the law and to pay back wages. The first jury trial, which began in February 2009, ended in a mistrial. The Labor Department chose to pursue a second trial in August 2009 to secure a ruling that Tyson was failing to compensate its employees lawfully.

The Labor Department was represented by attorneys from the agency's Office of the Solicitor in Atlanta and Washington, D.C. Today's decision is a critical achievement in the department's longstanding efforts to ensure that employers in the meat and poultry industries pay employees for all time worked.

Information on the FLSA and other federal laws concerning wage and hour issues is available by calling the Wage and Hour Division's toll-free helpline at 866-4US-WAGE (487-9243) or on the Internet at http://www.wagehour.dol.gov.

Hilda L. Solis v. Tyson Foods Inc.; Case number 2:02-CV-1174-VEH

U.S. Department of Labor releases are accessible on the Internet at www.dol.gov. The information in this news release will be made available in alternate format (large print, Braille, audio tape or disc) from the COAST office upon request. Please specify which news release when placing your request at 202-693-7828 or TTY 202-693-7755. The Labor Department is committed to providing America's employers and employees with easy access to understandable information on how to comply with its laws and regulations. For more information, please visit www.dol.gov/compliance.

SOURCE U.S. Department of Labor

http://www.dol.gov/

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Tags: alabama   federal   investigation   labor   lawsuit   poultry   regulations   standards   trial   washington  

Companies: Tyson Foods, Inc. (TSN)

 

Tyson Foods (TSN) NewsBite - TSN Downgraded By BB&T Capital Markets - Zibb.com

Tyson Foods (TSN) was downgraded today by analysts at BB&T Capital Markets and the stock is now at $12.71, down $0.35 (-2.68%) on volume of 1,619,321 shares traded. The analysts reduced TSN to Hold from Buy. Over the last 52 weeks the stock has ranged from a low of $4.40 to a high of $14.25. Tyson Foods stock has been showing support around $12.20 and resistance in the $13.50 range. Technical indicators for the stock are bullish and S&P gives TSN a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TSN the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 15 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: S&P  

Companies: Tyson Foods, Inc. (TSN)

 

Webcast Alert for Tyson Foods, Inc. 4th Quarter 2009 Earnings Conference Call - Zibb.com

Tyson Foods, Inc. (NYSE: TSN) will hold its fourth quarter 2009 earnings conference call Monday, November 23, at 9 a.m. Eastern (8 a.m. Central). To listen to the live webcast, go to http://ir.tyson.com.

To listen live via telephone, call 888-324-8506. A pass code and the leader's name will be required to join the call. The pass code is Tyson Foods, and the leader's name is Ruth Ann Wisener. Outside the United States, call 517-308-9399.

If you are unable to listen to the live webcast, it will be archived for one year at http://ir.tyson.com. A telephone replay will be available through December 3 at 800-873-2049. Outside the United States, call 402-220-5369.

Tyson Foods, Inc. (NYSE: TSN), founded in 1935 with headquarters in Springdale, Arkansas, is the world's largest processor and marketer of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The Company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and service to customers throughout the United States and more than 90 countries. The company has approximately 107,000 Team Members employed at more than 300 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The Company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.

CONTACT: Ruth Ann Wisener, 479-290-4235

Web site: http://ir.tyson.com

SOURCE Tyson Foods, Inc.

http://ir.tyson.com

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Tags: arkansas   beef   conference   earnings   environment   food   market   nyse   products   web  

Companies: Tyson Foods, Inc. (TSN)

 

Tyson Foods to re-introduce Holly Farms fresh chicken - Zibb.com

Tyson Foods and Food Lion have announced the re-introduction of Holly Farms fresh chicken at more than 1,200 Food Lion, Bloom, and Bottom Dollar Food grocery stores in the eastern US.

As part of the arrangement with Tyson Foods, Food Lion will replace all store brand fresh chicken with Holly Farms premium brand chicken at Food Lion, Bloom, and Bottom Dollar Food stores.

Hans Lefebvre, vice president of meat and seafood merchandising at Food Lion, said: "Food Lion has a unique opportunity to re-introduce one of the most well-respected brands of fresh chicken at our stores. In an economy where consumers are always searching for premium products at great prices, we are able to provide both to our customers through this arrangement.

"The Holly Farms brand has a strong heritage in many markets in which we operate as a provider of quality, premium fresh chicken at a great price. The re-introduction of this brand enables us to provide a differentiated product to our customers at or below current store brand fresh chicken prices."

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Tags: dollar   economy   food   grocery   president   prices   products  

Companies: Tyson Foods, Inc. (TSN)

 

Web Sites

Total : 288 View more »

Video: Starting Bell - Stocks to Watch: Amgen, Verizon, Kraft Foods, Tyson Foods - Zibb.com

www.zibb.com

Amgen Raised at Morgan Stanley and Jefferies on New Osteoporosis Drug; Verizon Earnings Rise on Subscriptions Gain; Kraft Profit Rises on Price Increases; Tyson Profit Drops 92% on Higher Costs http://www.clipsyndicate.com/video/playlist/1998/654475/?cpt=8&wpid=523

http://www.zibb.com/article/3669797/Video+Starting+Bell+Stocks+to+Watch+Amgen+Verizon+Kraft+Foods+Tyson+Foods

Case Study - Tyson Foods

Tyson Foods, Inc., founded in 1935 with headquarters in Springdale, Arkansas, is the world’s largest processor and marketer of chicken, beef, and pork products.

http://www.meatandpoultryonline.com/content/news/article.asp?docid={649048EE-9D8B-45B6-9B95-8E87D893697B}

"We signed a preliminary agreement in June with Shandong Xinchang Group, based near Qingdao in...

www.worldpoultry.net

"We signed a preliminary agreement in June with Shandong Xinchang Group, based near Qingdao in Shandong Province," said Tyson Foods spokesman Gary Mickelson. "The agreement is subject to further due diligence and government approvals, which could take several months to complete.

http://www.worldpoultry.net/home/id2205-52207/tyson_acquiring_60_of_chinese_poultry_producer.html

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Tyson.com

www.tyson.com

Corporate headquarters provides company profile and history of the poultry production facility and other facets of its business.

http://www.tyson.com/

Welcome to Tyson Foods

www.tyson.com

Start your career at Tyson Foods, where the possibilities are limited only by your imagination.

http://www.tyson.com/Corporate/

Tyson Foods

www.tysonfoodsinc.com

Corporate site for multinational food manufacturer. Company information, links to subsidiary food company sites.

http://www.tysonfoodsinc.com/

Tyson Foods - Wikipedia, the free encyclopedia

en.wikipedia.org

Tyson Foods, org. (NYSE: TSN) is an American multinational corporation based in Springdale, Arkansas, that operates in the food industry. The company is the world's second largest ...

http://en.wikipedia.org/wiki/Tyson_Foods