Tyson Foods to pay out $50 million in bonuses to frontline, hourly employees

Tyson Foods Inc. said Monday it will pay out $50 million in year-end bonuses to its frontline and hourly employees, starting this month. In the U.S., those employees will receive bonuses ranging from $300 to $700, the food company said. "This is yet another way for us to say thank you and show how grateful we are for our frontline teams' efforts to keep each other safe, our company strong and our world fed over the past year," said Chief Executive Donnie King. The company said it has been looking at ways to support its frontline workers, including pay increases, signing bonuses, more flexible work schedules at some facilities and starting Jan. 1, paid sick leave. The stock, which ticked up 0.6% in premarket trading, has gained 5.6% over the past three months through Friday, while the S&P 500 has inched up 0.1%.

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