Springdale-based Tyson Foods Inc. is distributing $50 million in year-end bonuses to its hourly workers, the company said Tuesday.
The 90,000 hourly employees will receive between $300 and $700 each, with the bonuses distributed beginning in mid-December. The amount of the bonus is based on the worker’s tenure. Tyson gave a similar year-end bonus last year for the first time.
“We’re extremely grateful for all of our team members in the hundreds of communities where we operate and we want to recognize our success together and say thank you,” Donnie King, president and chief executive officer of Tyson Foods, said in a statement.
The average Tyson worker is paid about $19 an hour or about $24 an hour when benefits are taken into account, according to the company. The company has also touted its offerings for employees from flexible work hours at some facilities to child care and educational programs.
Shares of Tyson Foods closed at $64.15, down 62 cents, or about 1%, in trading Tuesday on the New York Stock Exchange.