Tyson Foods announces bonuses due to federal tax overhaul

SPRINGDALE, Ark. — Arkansas-based Tyson Foods Inc. says more than 100,000 employees will receive bonuses as a result of company savings due to the overhaul of federal tax laws.

Tyson said Thursday that full-time employees who do not receive an annual bonus will get $1,000 and part-time workers who receive no annual bonus will get $500.

Tyson President and CEO Tom Hayes said in an email to employees the company expects to save over $300 million in taxes. He said the remaining funds will be used in areas such as improving training and education, including teaching English as a second language and General Educational Development classes.

The announcement follows similar actions at big companies including Walmart, Starbucks and Disney after the tax overhaul was approved and signed by President Trump in December.

You may also interested in

British comic actor, mental health campaigner Brian Rix dies

Aug 20, 2016

Brian Rix, a British comic actor who used his fame to draw attention to the struggles of people with learning disabilities, has died

After Rio, Olympics headed for Asian venues seen as safe

Aug 22, 2016

The next three Olympics are headed for relatively calmer ports of call in Asia following the drama in Russia and Brazil, but challenges remain, especially when it comes to finances and generating enthusiasm at home

Farm safety top priority with farm tourism on the rise

Aug 24, 2016

Connecticut officials are joining other states in educating local farmers about how to mitigate public health risks as more people visit their farms

Syok Asia welcomes the generations to witness the beautiful world of art and creativity in Malaysia and the rest of the world.

Contact us: sales@syokasia.com