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.

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Source Fool.com