Source: Reuters
Tyson and JBS, major players in the meat industry, have agreed to pay a combined $127.2 million to settle a lawsuit alleging wage suppression of workers in processing plants. This marks the largest settlements in the wage-fixing case in Colorado federal court. The lawsuit, filed in 2022, involved tens of thousands of red meat processing workers across 140 plants, accusing the companies of conspiring to keep wages artificially low by sharing confidential compensation data.
JBS, the world’s largest beef producer, agreed to pay $55 million, while Tyson will pay $72.25 million. Both companies deny the allegations and haven’t admitted wrongdoing. Perdue settled for $1.25 million, and Seaboard Foods for $10 million. The remaining defendants include Cargill, Hormel, National Beef, and Smithfield. Tyson and JBS must provide compensation data and documents as part of the settlements. Plaintiffs’ attorneys emphasize the immediate recovery’s value over prolonged litigation costs.
Read the full story HERE: https://www.reuters.com/legal/litigation/tyson-jbs-pay-127-million-resolve-workers-wage-fixing-lawsuit-2024-03-11/