Tyson Foods consolidates corporate offices, leaves Chicago

Category: Business


Unlocking Word Meanings

Read the following words/expressions found in today’s article.

  1. consolidation / kənˌsɒl ɪˈdeɪ ʃən / (n.) – the process of combining two or more things to make them one

    Data consolidation will help us get the information that we need easily.

  2. maneuver / məˈnu vər / (n.) – a smart move or action that gives someone an advantage

    We need to think of digital marketing maneuvers to get more customers.

  3. departure / dɪˈpɑr tʃər / (n.) – the act of leaving

    My best friend’s departure made me so sad.

  4. vocal / ˈvoʊ kəl / (adj.) – used to describe someone who is not afraid to express his/her opinion in public

    My friend is a vocal advocate of animal rights. She convinces people to adopt pets from shelters instead of buying from pet shops.

  5. civic / ˈsɪv ɪk / (adj.) – used to refer to a town or city or the people living in it

    As residents of this city, it is our civic responsibility to create a safe and peaceful community.


Read the text below.

Tyson Foods will relocate around 1,000 corporate positions from the Chicago area as well as South Dakota to its headquarters in Springdale, Arkansas.

One of the world’s largest meat producers said that corporate staff at its Chicago and Downers Grove, Illinois, locations and Dakota Dunes, South Dakota, office will begin relocating early next year.

The consolidation of corporate offices is intended to allow for closer collaboration and no layoffs will accompany the shift, the company said. Tyson plans to expand and remodel its headquarters in Arkansas.

The parent company of Jimmy Dean and Ball Park products employs about 137,000 workers worldwide. The announcement follows some recent high-profile corporate maneuvers, including naming John Tyson—the great-grandson of the company’s founder—as its chief financial officer.

Chicago has had a number of corporate departures in recent months.

Boeing Co. announced in May that it would move its headquarters from Chicago to Arlington, Virginia. The following month, construction equipment maker Caterpillar said it was moving its headquarters from the Chicago suburbs to Texas.

Citadel hedge fund CEO Ken Griffin, a billionaire who has been a vocal critic of Illinois’ Democratic governor and of crime rates in Chicago, also recently moved his company’s headquarters to Miami.

In a speech to the Economic Club of Chicago, McDonald’s CEO Chris Kempczinski said he often fields calls from mayors and governors trying to get him to move McDonald’s headquarters out of Chicago. Kempczinski said McDonald’s has no plans to leave, but has struggled with crime and homelessness in its Chicago restaurants.

“While it may wound our civic pride to hear it, there is a general sense out there that our city is in crisis,” Kempczinski said, adding that it is becoming more difficult for the company to recruit promising employees.

This article was provided by The Associated Press.

Viewpoint Discussion

Enjoy a discussion with your tutor.

Discussion A

  • What do you think the local government of Chicago should do to stop companies from relocating to other cities? Discuss.
  • A news source said that Tyson Foods will offer relocation assistance to employees who still want to stay in the company and a separation pay to those who aren’t willing to relocate. If you were one of the employees affected by the move, which would you choose? Why? Discuss.

Discussion B

  • What do you think will happen to Chicago if it continues to experience corporate departures? Discuss.
  • Which places or cities in your country do you think are good for business? Why? Discuss?