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

Tesla: Removal of 'Autopilot' from Chinese site a...

Aug 15, 2016

Tesla says the term "Autopilot" was mistakenly removed from the electric car maker's website for...

Mississippi town mourns deaths of 3 couples in...

Aug 15, 2016

Three married couples killed in the crash of a small airplane in Alabama all lived in the...

Prosecutor: Russian man's computer linked to...

Aug 16, 2016

A federal prosecutor told the jury during opening statements on Monday that when federal agents...

Regulators study horseshoe crab survival in...

Aug 16, 2016

Environmental regulators studying the Delaware Bay harvesting of horseshoe crabs that are drained...

Close call: Feds see 2018 shortage in Lake Mead...

Aug 17, 2016

Amid punishing drought, federal water managers are projecting _ by a very narrow margin_ that Lake...

The Next Daily is the new generation of online publication, serving you the most recent discoveries made in science and technology on a daily basis. At The Next Daily, we believe in the power of consistent and reliable reporting to inspire and move mankind forward.

Contact us: sales[at]thenextdaily.com