Tyson to close Oklahoma processed meats plant
March 27, 2009
by FoodBusinessNews.net Staff
PONCA CITY, OKLA. — Tyson Foods, Inc. said it will close its Ponca City processed meats plant and shift production to other facilities in Buffalo, N.Y.; Cherokee, Iowa; and Houston. The plant, which has been in operation since 1995, produces a variety of deli-style luncheon meats and ham products.
"This is a very difficult decision because it affects the lives of our people, their families and the community; however, it is critically important to our business," said Dick Belsito, senior vice-president of processed meats for Tyson Foods. "After extensive consideration, we’ve concluded closing Ponca City and moving the production to three other plants is necessary to improve the viability of our overall processed meats operations."
The closing, which will affect approximately 580 people, will begin in late May but most likely will not be completed until July or August, Tyson said.
The company said it plans to record a non-cash charge of approximately 2c per share related to the closing in the second quarter of fiscal 2009.