Tyson Foods Launches Low-Cost, High-Quality Childcare Initiatives
December 21 2021 - 6:55AM
Tyson Foods (NYSE: TSN) is taking another step in its efforts to
become the most sought-after place to work by providing greater
access to affordable childcare for frontline workers and their
families.
The company plans to build an on-site childcare and learning
facility at its new Humboldt, Tennessee, poultry processing plant,
and recently announced a program at its Amarillo, Texas, beef
plant, to work with two local providers to provide free childcare
to the children of second shift workers.
The $3.5 million Humboldt facility, expected to be operational
in 2023, will support up to 100 children, five years of age and
younger, and employ a staff of 18. Called Tyson Tykes, it will be
operated as an early childhood learning center by KinderCare and
subsidized by the company to lower the cost for Tyson team
members.
A study by Center for American Progress states the national
average cost of care for one child in a center amounts to about
$10,000 per year, which exceeds what most families with young
children can afford. Research also shows children enrolled in early
childhood education programs have greater high school graduation
rates, increased IQ scores, higher career earnings and are less
likely to commit a crime as they enter adulthood.
“For nearly a century, ‘care’ has been at the heart of Tyson
culture,” said John R. Tyson, executive vice president and chief
sustainability officer of Tyson Foods. “These childcare pilots
reflect that culture as well as our goal of becoming the most
sought-after place to work. Over the past few months, as part of
our efforts to recruit and retain frontline team members, we’ve
also piloted more flexible work hours, raised wages and benefits,
provided $50 million in year-end bonuses and in January, will start
providing paid sick leave.”
The efforts are helping improve the company worker recruiting
and retention rates.
Tyson’s Humboldt complex, which includes a processing plant,
hatchery, and feed mill, currently has a staff of more than 1,000
people but is expected to eventually employ 1,500.
The Tyson beef plant in Amarillo employs more than 4,000 people.
The company recently awarded nearly $400,000 to the Wesley
Community Center and Maverick Boys and Girls Club of Amarillo to
refurbish their facilities to accommodate the children of Tyson
team members. The funding will also help provide transportation,
increased security, commercial refrigerators, cots, and tutoring.
Each facility will support up to 40 children and Tyson expects to
invest close to $500,000 to cover tuition for team members
participating in the program.
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 had
approximately 137,000 team members on Oct. 2, 2021. 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.
MEDIA CONTACT: Alicia Buffer | Alicia.Buffer@tyson.com |
479-290-1349
Category: IR
A PDF accompanying this announcement is available
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