Tyson Foods – Business Briefs – buyout offers may stop lawsuit – Brief Article
Dozens of hog farmers in Arkansas and Oklahoma have to decide this week whether to accept buyout offers from Tyson Foods or forge ahead with a lawsuit against the poultry giant. Tyson announced plans August 18 to close company-owned and -leased hog farms and end contracts with 132 hog producers in Arkansas and Oklahoma. The Springdale-based company said the restructuring was intended to reduce operating losses. Eighty pork producers sued Tyson last month, claiming the company abandoned them in the restructuring. Now, the company has given farmers until
October 15 to accept a second buyout offer. This time, in addition to buying out the contracts, Tyson would help pay to close the hog barns.
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