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Tyson Foods' beef plant and are among the 3,200 people who will lose their jobs when Lexington's biggest employer closes the plant next month after more than two decades of operation.
Hundreds of families may be forced to pack up and leave the town of 11,000, heading east to Omaha or Iowa, or south to the meatpacking towns of Kansas or beyond, causing spinoff layoffs in Lexington's restaurants, barbershops, grocers, convenience stores and taco trucks.
“Losing 3,000 jobs in a city of 10,000 to 12,000 people is as big a closing event as we’ve seen virtually for decades,” said Michael Hicks, director of the Center for Business and Economic Research at Indiana's Ball State University. It will be “close to the poster child for hard times.”
Tyson Foods' beef plant and are among the 3,200 people who will lose their jobs when Lexington's biggest employer closes the plant next month after more than two decades of operation.
Hundreds of families may be forced to pack up and leave the town of 11,000, heading east to Omaha or Iowa, or south to the meatpacking towns of Kansas or beyond, causing spinoff layoffs in Lexington's restaurants, barbershops, grocers, convenience stores and taco trucks.
“Losing 3,000 jobs in a city of 10,000 to 12,000 people is as big a closing event as we’ve seen virtually for decades,” said Michael Hicks, director of the Center for Business and Economic Research at Indiana's Ball State University. It will be “close to the poster child for hard times.”
All told, the job losses are expected to reach 7,000, largely in Lexington and the surrounding counties, according to estimates from University of Nebraska, Lincoln, shared with The Associated Press. Tyson employees alone will lose an estimated $241 million in pay and benefits annually.
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Hundreds of families may be forced to pack up and leave the town of 11,000, heading east to Omaha or Iowa, or south to the meatpacking towns of Kansas or beyond, causing spinoff layoffs in Lexington's restaurants, barbershops, grocers, convenience stores and taco trucks.
“Losing 3,000 jobs in a city of 10,000 to 12,000 people is as big a closing event as we’ve seen virtually for decades,” said Michael Hicks, director of the Center for Business and Economic Research at Indiana's Ball State University. It will be “close to the poster child for hard times.”
Tyson Foods' beef plant and are among the 3,200 people who will lose their jobs when Lexington's biggest employer closes the plant next month after more than two decades of operation.
Hundreds of families may be forced to pack up and leave the town of 11,000, heading east to Omaha or Iowa, or south to the meatpacking towns of Kansas or beyond, causing spinoff layoffs in Lexington's restaurants, barbershops, grocers, convenience stores and taco trucks.
“Losing 3,000 jobs in a city of 10,000 to 12,000 people is as big a closing event as we’ve seen virtually for decades,” said Michael Hicks, director of the Center for Business and Economic Research at Indiana's Ball State University. It will be “close to the poster child for hard times.”
All told, the job losses are expected to reach 7,000, largely in Lexington and the surrounding counties, according to estimates from University of Nebraska, Lincoln, shared with The Associated Press. Tyson employees alone will lose an estimated $241 million in pay and benefits annually.
A small town's American Dream is at risk. What happens when its biggest employer shuts down?
A pall hung over the room just as it hung over the holiday season in Lexington, Nebraska. Hundreds of families may be forced to pack up and leave the town of 11,000, heading east to Omaha or Iowa, or south to the meatpacking towns of Kansas or beyond, causing spinoff layoffs in Lexington's...
