Tyson Foods to Pay $60 Million in Bonuses to Truckers and Frontline Workers
Tyson Foods (NYSE: TSN) decided yesterday to distribute approximately $60 million in bonuses to truck drivers and other frontline workers who keep its food distribution running efficiently during the coronavirus outbreak. In all, 116,000 employees will receive a $500 bonus, though Tyson won't be cutting the checks until July.
Demand for packaged and processed foods is high right now as people stay at home to avoid COVID-19, stock up on supplies, and eat at their residences rather than going out to restaurants, most of which are closed for dine-in. Two weeks ago, Tyson changed part of their meat production over to retail packaging instead of restaurant cuts to help meet soaring purchases of staples.
Image source: Getty Images.
Source Fool.com
