Yesterday, I shared with the team our plans for investing our tax savings, including our plan to provide one-time bonuses to frontline workers whose compensation does not include an annual bonus. These employees are the backbone of our business and we’re happy to show them our appreciation. Here’s the email I shared with them.
Together, we’re focused on growing our businesses. We want to sustainably feed the world with the fastest-growing protein brands, and we’re making progress every day. We also strive to do good. It’s the right thing to do – and frankly, it makes good business sense.
That’s why we’re investing our federal tax reform savings in the areas we believe will make the biggest difference, including our team members and capital projects.
With the more than $300 million in savings we expect to receive, we will:
- Provide a one-time bonus to more than 100,000 team members whose compensation does not include an annual bonus. Eligible full-time team members will receive $1,000, and eligible part-time team members will receive $500. These team members are the backbone of our business and can expect to hear more details from their leadership soon.
- Focus funds on innovation and other initiatives such as enhancing the training, education and development opportunities that all team members receive, so you have the tools you need to advance within Tyson Foods and achieve your potential. For one, we’ll be increasing our investment in our Upward Academy program, an initiative that helps new workers with life skills, including English as a Second Language and General Educational Development (GED) classes.
- Accelerate capital projects that strengthen our operations and plant communities around the U.S. As part of this investment, we will move faster on sustainability and animal welfare initiatives, shrinking our environmental footprint, protecting the animals in our care and giving the world’s growing population greater access to sustainable food.
We believe this plan makes the most of the opportunity in front of us and will accelerate the significant progress we’ve already made across the business. Thank you for everything you’ve already done, and everything you will do, to contribute to our success. When it comes down to it, I’ve never been more confident in our ability to raise the world’s expectations for how much good food can do.
Published: Feb 8, 2018.