Tyson Foods Strengthens Benefits for Frontline Workers

Rhea-AI Summary

Tyson Foods (NYSE: TSN) announced enhancements to benefits for fully vaccinated U.S. team members, effective January 1, 2022. Employees can earn up to 20 hours of paid sick leave and receive one week of vacation after six months with the company. As part of a broader initiative, Tyson is offering $200 to vaccinated frontline workers and conducting on-site vaccination events. Over 90,000 employees, more than 75%, have received at least one vaccine dose. The United Food and Commercial Workers union supports the vaccination requirement, emphasizing worker safety amid the ongoing pandemic.

Positive

• Enhanced benefits for fully vaccinated employees include up to 20 hours of paid sick leave per year.
• Vaccination requirement supported by major unions, enhancing workforce confidence.
• Offering $200 incentive to vaccinated workers plus potential $6 million in sweepstakes for vaccination participation.
• Over 90,000 team members vaccinated, representing more than 75% of U.S. workforce.

Negative

• None.

Major union supports company’s COVID-19 vaccination requirement

SPRINGDALE, Ark., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Tyson Foods (NYSE: TSN) announced today that it would strengthen the benefits it offers its fully vaccinated U.S. frontline team members. Effective January 1, 2022, fully vaccinated team members can begin earning up to 20 hours of paid sick leave per year. New hires will also receive one week of vacation after six months of employment.

“These measures are the latest examples of our ongoing efforts to make Tyson the most sought-after place to work, while reinforcing the importance team members’ health and safety,” said Johanna Söderström, the executive vice president and chief human resources officer of Tyson Foods.

The new policies come on top of recent compensation improvements, which have included pay increases and other incentives as well as referral and signing bonuses. The average base pay plus benefits for Tyson’s U.S. production workers is currently valued at more than $22 per hour, which includes medical, vision and dental benefits. Tyson is also piloting flexible work schedules at its production facilities and has introduced health clinics at seven locations to allow easy and free access to health care.

Tyson continues to provide its U.S. workers with free, on-site access to COVID-19 vaccinations. Continuing vaccination events are scheduled throughout the country to offer all team members the vaccine in time for the November 1 deadline. The company is also giving $200 as a thank you to fully vaccinated frontline team members as well as giving out more than $6 million in sweepstakes to incentivize vaccinations. It is also conducting an extensive outreach campaign to educate and inform team members about the COVID-19 vaccinations.

These efforts are working. Today, more than 90,000 (or more than 75%) of the company’s U.S. team members have received at least one dose of a COVID-19 vaccine. Over 30,000 team members have been vaccinated since the company announced its requirement in early August.

The United Food and Commercial Workers (UFCW), and the affiliated Retail, Wholesale and Department Store Union (RWDSU), have discussed the vaccine roll-out with the company and announce that they support Tyson Foods’ vaccination requirement. The UFCW and RWDSU represent more than 80 percent of the 31,000 Tyson Foods’ workers in the U.S. who are unionized.

UFCW International President Marc Perrone said, “As the largest union for Tyson Foods workers across the country, UFCW's first priority is to keep these essential workers safe on the job as the COVID-19 Delta surge continues, and we recognize the need to do more. UFCW and Tyson agree these policies will ensure these workers have the paid leave they need as they continue to keep our food supply chain secure. We will continue to strongly encourage our members employed by Tyson Foods to get vaccinated if they have not already, and we are calling on companies across the industry to follow Tyson's lead with similar policies that put the safety of essential workers first as this pandemic continues."

“We’re pleased that the UFCW and RWDSU are joining us in taking this important step,” Söderström said. “Getting vaccinated remains the single most effective thing we can do to fight this pandemic and continue to help feed this country and our world.”

Other measures Tyson Foods is taking to support U.S. frontline workers during the vaccination process include:

• Providing paid administrative leave for up to two weeks for employees who are fully vaccinated and test positive for COVID-19 over the next six months.
• Compensating workers for time spent in educational sessions about the benefits and risks of the COVID vaccines.

About Tyson Foods, Inc.

Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson^®, Jimmy Dean^®, Hillshire Farm^®, Ball Park^®, Wright^®, Aidells^®, ibp^®, and State Fair^®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 139,000 team members. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit TYSONFOODS.COM to learn more.

Media Contact: DEREK BURLESON, 479-290-6466

Category: IR 

FAQ

What new benefits are being offered to Tyson Foods employees?

Tyson Foods is offering fully vaccinated employees up to 20 hours of paid sick leave and one week of vacation after six months of employment, effective January 1, 2022.

How many Tyson Foods employees have been vaccinated?

Over 90,000 Tyson Foods employees, which is more than 75% of the U.S. workforce, have received at least one dose of a COVID-19 vaccine.

What is the vaccination incentive for Tyson Foods workers?

Tyson Foods is providing a $200 incentive to frontline workers who are fully vaccinated.

Which unions support Tyson Foods' vaccination requirement?

The United Food and Commercial Workers (UFCW) and the Retail, Wholesale and Department Store Union (RWDSU) support Tyson Foods' vaccination requirement.

When does the vaccination requirement take effect at Tyson Foods?

The COVID-19 vaccination requirement is part of Tyson Foods' plan and relevant incentives, effective from early August 2021, with significant measures reinforcing this initiative.