Tyson Meals will relocate round 1,000 company positions from the Chicago space in addition to South Dakota to its headquarters in Springdale, Ark.
One of many world’s largest meat producers mentioned Wednesday that company employees at its Chicago and Downers Grove, Sick., areas and Dakota Dunes, SD, workplace will start relocating early subsequent yr.
The consolidation of company places of work is meant to permit for nearer collaboration and no layoffs will accompany the shift, the corporate mentioned. Tyson plans to develop and rework its headquarters in Arkansas.
The father or mother firm of Jimmy Dean and Ball Park merchandise employs about 137,000 employees worldwide. The announcement follows some latest high-profile company maneuvers, together with naming John Tyson — the great-grandson of the corporate’s founder — as its chief monetary officer.
Chicago has had numerous company departures in latest months.
Boeing announced in May that it might transfer its headquarters from Chicago to Arlington, Virginia. The next month, building tools maker Caterpillar mentioned it was moving its headquarters from the Chicago suburbs to Texas.
Citadel hedge fund CEO Ken Griffin, a billionaire who has been a vocal critic of Illinois’ Democratic governor and of crime charges in Chicago, additionally not too long ago moved his company’s headquarters to Miami.
In a speech to the Financial Membership of Chicago final month, McDonald’s CEO Chris Kempczinski mentioned he typically fields calls from mayors and governors making an attempt to get him to maneuver McDonald’s headquarters out of Chicago. Kempczinski mentioned McDonald’s has no plans to depart, however has struggled with crime and homelessness in its Chicago restaurants.
“Whereas it might wound our civic satisfaction to listen to it, there’s a basic sense on the market that our metropolis is in disaster,” Kempczinski mentioned, including that it’s changing into tougher for the corporate to recruit promising workers.
