Tyson Foods Statement in Response to Ruling by Republic of the Philippines’ Department of Labor and Employment
December 20 2016 - 8:32AM
Tyson Foods, Inc. (NYSE:TSN) today issued the following statement:
Tyson Foods was recently notified that the National Labor
Relations Council of the Department of Labor and Employment in the
Republic of the Philippines has ruled against an appeal related to
the 1995 closing of an apparel manufacturing facility operated by a
subsidiary of the former Sara Lee Corporation. Not long after the
closing, Sara Lee Corporation was sued by a labor union and former
employees, and the case has been in dispute since. The case
pre-dates Tyson Foods’ acquisition of The Hillshire Brands Company,
which was formerly known as Sara Lee Corporation, by more than 15
years. “This latest ruling is excessive and directly contrary to
two prior arbitration rulings that concluded that the 1995 closure
was proper and all required severance benefits had been paid by
Sara Lee Corporation to employees,” said David L. Van Bebber,
executive vice president and general counsel for Tyson Foods.
“We’re considering all appellate options including asking the NLRC
to reconsider its ruling and the Philippine courts to overturn the
ruling. As Hillshire Brands does not have any operations in the
Philippines, we don’t expect this decision to have any impact on
our business.”
Tyson Foods notified investors of the ruling in a Current Report
on Form 8-K filed with the Securities and Exchange Commission
today, which is available on the company’s website.
About Tyson FoodsTyson Foods, Inc. (NYSE:TSN),
with headquarters in Springdale, Arkansas, is one of the world’s
largest food companies with leading brands such as Tyson®, Jimmy
Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells®
and State Fair®. It’s a recognized market leader in chicken,
beef and pork as well as prepared foods, including bacon, breakfast
sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings,
tortillas and desserts. The company supplies retail and foodservice
customers throughout the United States and approximately 115
countries. Tyson Foods was founded in 1935 by John W. Tyson, whose
family has continued to lead the business with his son, Don Tyson,
guiding the company for many years and grandson, John H. Tyson,
serving as the current chairman of the board of directors. The
company currently has approximately 114,000 Team Members employed
at more than 400 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 Foods 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: Worth Sparkman, 479-290-6358, worth.sparkman@tyson.com
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