Tyson Foods Completes Waterloo Investigation
December 16 2020 - 2:15PM
An independent investigation into wagering allegations at Tyson
Foods’ pork plant in Waterloo, Iowa, has led to the termination of
seven plant management employees.
“We value our people and expect everyone on the team, especially
our leaders, to operate with integrity and care in everything we
do,” said Tyson Foods President & CEO Dean Banks. “The
behaviors exhibited by these individuals do not represent the Tyson
core values, which is why we took immediate and appropriate action
to get to the truth. Now that the investigation has concluded, we
are taking action based on the findings.”
Upon learning of the allegations, Banks and others immediately
traveled to Waterloo last month and again today to meet with
Waterloo plant team members and community leaders to reinforce
Tyson’s commitment to them and the community, including
through:
- Opening more communication channels to hear team member
voices
- Creating a working group of local community leaders to
strengthen collaboration
- Reinforcing the importance of Tyson Foods’ core values and team
behaviors
“The commitment and passion that our team members exhibit every
day is core to who we are at Tyson. We were very upset to learn of
the behaviors found in the allegations, as we expect our leaders to
treat all team members with the highest levels of respect and
integrity,” said Banks. “That’s why we have asked former Attorney
General Eric Holder and his team to partner with Tyson to help us
as we continue to look for ways to enhance a trusting and
respectful workplace.”
About Tyson Foods 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, United States, 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 WWW.TYSONFOODS.COM.
Contact: Gary Mickelson, 479-236-9022Category: IR,
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