Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 10 November 2020, US-based meat processor Tyson Foods announced its global business expansion strategy which will create about 1,850 jobs worldwide. The company is to build new production facilities in China and Thailand, as well as expand its facility in the Netherlands.
The new factory in Thailand is expected to add 1,000 jobs, the plant in China is expected to create more than 700 jobs, and the expansion of the factory in the Netherlands is to bring about 150 new jobs.
The CEO of the company said that global population and income growth will continue to drive an increased need for protein. The company intends to expand its export capabilities on a global scale and become the leader in protein. The source reports recent expansions in Tyson Food’s international facilities added fully cooked poultry capacity of more than 100,000 tonnes to meet demand in emerging markets. In addition, the company has invested in e-commerce platforms in Malaysia and Australia to meet consumer demand in the context of the COVID-19 pandemic.
Founded in 1935, Tyson Food is an American multinational corporation that operates in the food industry. The company is the world’s second largest processor of poultry, beef and pork. Currently, Tyson Foods employs 141,000 staff worldwide.
Eurofound (2020), Tyson Foods, Business expansion in World, factsheet number 102732, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102732.
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