Tyson Provides $1.2 Million to Support Active Duty
Team Members
Differential
pay instituted after September 11, 2001
Springdale,
Arkansas – November 9, 2007 – Thanks to a Tyson Foods, Inc. (NYSE: TSN) policy
in support of the U.S. military, David Rook did not have to take a cut in pay
when he was called to leave his job at Tyson to serve with his National Guard
unit in Iraq.
The
policy, instituted after September 11, 2001, provides differential pay for all
Tyson Team Members called to active military duty. It makes up any difference
between their military compensation and the pay they normally receive from
Tyson.
Since
it was initiated, Tyson Team Members called to active duty have received more
than $1.2 million in supplemental compensation from the company.
Rook,
an area safety manager for Tyson who is also a National Guard platoon sergeant,
is one of 124 Tyson Team Members who have benefited from the policy since it
was implemented.
“It’s
been huge for me,” said Rook, a resident of Springdale, Arkansas, who
served in Iraq from July 2005 to November 2006. “I’m thankful for
the company’s position on differential pay. Our family would have faced
financial trouble without it.”
“As
we said when we implemented this policy, we’re proud and grateful for the
sacrifices made by Tyson Team Members who protect our country through their
military service,” said Richard L. Bond, president and CEO of Tyson Foods. “We
don’t want them to have to worry about their financial well-being while they’re
away from home as they serve in Iraq, Afghanistan or some other part of the world.”
Tyson
plans to continue its differential pay policy, which is coordinated by the
company’s Human Resources Department. Over the years, beneficiaries have
included Team Members who have been deployed for active duty more than once.