downersgrove

Tyson Foods Leaving Downers Grove

Tyson Foods, the largest U.S. meat company by sales, is the latest major company to plan its exodus from Illinois. It's relocating all corporate roles from Chicago and nearby Downers Grove — as well as those in Dakota Dunes, South Dakota — to its headquarters in Springdale, Arkansas. The transition, which involves moving roughly 1,000 employees while expanding its corporate campus, will happen over 10 months. Tyson says the new strategy will "foster closer collaboration, enhance team member agility and enhance faster decision making."

 

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. Recently they named John Tyson, the great-grandson of the company's founder, as its chief financial officer.

 

  • Those who prefer not to move will be managed on a case-by-case basis, per a Tyson spokesman.
  • Boeing, hedge fund Citadel and construction equipment maker Caterpillar have all announced plans to relocate from Illinois this year.

 

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 last month, 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.

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