United Group Insurance

Tyson plans to give employees a bonus from tax savings

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February 15th, 2018 by Ric Hanson

Tyson employees in Iowa could be getting a bonus in their paychecks. The president of the Arkansas-based company, Tom Hayes, announced Wednesday, that the federal tax reform will lead to 300 million dollars in savings for the company and they plan to provide a one-time bonus to some 100-thousand employees. Tyson has meat processing facilities in Council Bluffs, Waterloo, Storm Lake, Perry and Columbus Junction.

The company says it will pay eligible full-time employees a one-time one-thousand dollar bonus and part-time employees will get a 500 dollar bonus. The company says it will also spend some of the money on enhanced training, education and development opportunities for employees.

(Radio Iowa)