Tyson Foods (NYSE: TSN) is temporarily shutting down its Iowa pork factory due to the transmission of novel coronavirus (COVID-19) at the facility, Reuters reported Thursday.What Happened According to Iowa state officials, at least 555 workers at the Storm Lake plant have tested positive for COVID-19 so far, as reported by Reuters. The positive workers account for 22% of the total workforce at the facility.The company plans on resuming production next week, after "additional deep cleaning and sanitizing of the entire facility."President Donald Trump last month ordered meat-processing plants to stay open during the pandemic to ensure food supply across the United States.Nevertheless, companies including Tyson, WH Group Ltd. (OTC: WHGLY) subsidiary Smithfield Foods, and JBS SA (OTC: JBSAY), had to shutter 20 facilities across the country in April due to coronavirus outbreaks among workers.Why It Matters Meat companies have faced criticism for lack of worker safety measures during the pandemic.According to data from the Food & Environment Reporting Network, at least 18,437 meatpacking workers in the U.S. have tested positive for the coronavirus as of Thursday, and 67 of them have died.The family of a Tyson employee who died from complications arising out of COVID-19 has sued the company for wrongful death.Tyson Price Action Tyson shares closed 0.14% lower at $62.66 on Thursday and were mostly unchanged in the after-hours.See more from Benzinga * Amazon Offers Full-Time Employment To 125,000 Workers Hired To Meet Increased Demand During Pandemic * UPS Slaps 'Peak' Surcharge On Amazon, Walmart, Others, As Delivery Requests Balloon Post Lockdown Ease * Trump Signs Executive Order To End Social Media Legal Immunity For Third-Party Content(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]