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Tyson cutting staff to cut costs

Tyson Foods, Inc. has announced it will implement approximately $200 million in cost reductions -- including the elimination of some positions. The cuts are part of "a strategy to return to profitability," according to a statement from the company.

Tyson, which employs 114,000 people worldwide, plans to eliminate around 420 positions primarily held by management and management support in Arkansas, South Dakota and Nebraska. Another 430 jobs that are currently open will not be filled. Hourly plant production jobs are not affected.

Tyson Foods, Inc. has announced it will implement approximately $200 million in cost reductions -- including the elimination of some positions. The cuts are part of "a strategy to return to profitability," according to a statement from the company.

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