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(Reuters) - Some 3,800 workers at a Tyson Foods Inc (TSN.N) meat-processing plant in Kansas will be out of work after a Friday night fire that caused significant damage, but the company on Sunday said it will provide them “some guaranteed pay.”
Tyson Foods spokesman Worth Sparkman said the plant would remain closed indefinitely and there were no details yet on the cause of the fire and or the extent of the damage. “It was a pretty big fire,” he said.
Independent trader Dan Norcini said the cattle market could respond negatively to news of the fire, but the impact would depend on how long the plant stays closed.
A prolonged closure could force the company to move cattle designated for slaughter to another facility, which could result in additional cost.
Tyson said in a statement that it would meet with workers in shifts at the facility on Monday to answer their questions.
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RT @KWCH12: "WE'RE GOING TO GET THROUGH THIS CRISIS." While there's a lot of work ahead at Holcomb's Tyson Foods plant, folks are optimisti…
"WE'RE GOING TO GET THROUGH THIS CRISIS." While there's a lot of work ahead at Holcomb's Tyson Foods plant, folks a… https://t.co/cpITH0b2ZH
RT @4PawShop: Over 3,800 workers at Tyson Foods beef plant in Kansas out of work after fire https://t.co/A9hJXzVffo https://t.co/GA5oXyiqcm…
RT @ReutersAg: Over 3,800 workers at Tyson Foods beef plant in Kansas out of work after fire https://t.co/gIGwYaxkrd
RT @FarmsMarketing: A large fire at Tyson packing plant Garden City, KS processed 6,000 head of cattle/day will be shut down indefinitely.…