About us
(Seoul=Yonhap Infomax) Jang Won Lee – Tyson Foods Inc. (NYSE: TSN), a leading U.S. meat processor, will shutter a major beef plant in Nebraska in January next year and scale back operations at its Texas facility, resulting in the layoff of approximately 4,900 employees.
According to Fox Business on the 24th (U.S. local time), Tyson Foods plans to close its primary beef processing plant in Lexington, Nebraska, around January 2026. The closure will impact about 3,200 workers.
The Lexington facility has the capacity to process roughly 5,000 head of cattle per day, accounting for about 5% of total U.S. slaughter volume.
In addition, Tyson will reduce production at its Amarillo, Texas beef plant, shifting to a single dedicated shift and cutting approximately 1,700 jobs.
The move comes as severe drought in recent years has driven beef inventories in key ranching regions to their lowest levels in 70 years. Since it takes at least two years for cattle to reach maturity, industry experts expect a prolonged recovery in beef supplies.
Tyson Foods’ beef segment posted an adjusted loss of $426 million (about 628.4 billion won) for the fiscal year ended September 27, 2025. The company projects losses of $400 million to $600 million in the 2026 fiscal year.
jang73@yna.co.kr
(End)
Copyright © Yonhap Infomax Unauthorized reproduction and redistribution prohibited.