Lakeside Packers will soon take another step in the effort to reduce the oversupply of Canadian cattle.
The chief executive of Tyson Foods (NYSE: TSN), which owns Lakeside, today announced that the
"Our investment in this project will help address the backlog of cattle caused by the continued closure of the
The plant's capital investment has involved expanding the plant's beef carcass coolers and streamlining parts of the beef slaughter operation. The changes will increase
The specific timing will largely be driven by the company's ability to hire additional workers. The expansion is expected to create as many as 300 additional jobs, eventually increasing the plant's workforce to 2,700 Team Members.
Tyson Foods also continues to support efforts to reopen the
A preliminary injunction was granted in early March by a federal judge in
According to the amicus brief Tyson filed with the 9th Circuit Court of Appeals in
Tyson continues to run its
Lakeside Packers, part of Lakeside Farm Industries, began operations in 1974 as a beef slaughter operation. IBP, inc. bought
Tyson Foods, Inc., founded in 1935 with headquarters in
Tyson Foods, Inc.