11:14 AM EDT, 07/03/2025 (MT Newswires) -- Tyson Foods ( TSN ) has reached a new collective bargaining agreement with workers at its beef processing plant in Amarillo, Texas, days after Teamsters union members voted to authorize a strike, the company and the union said.

The agreement "continues to provide a competitive pay and benefits package," a Tyson Foods ( TSN ) spokesperson said in an email to MT Newswires Thursday.

Separately, Teamsters Local 577 said late Wednesday that its members at the Tyson Foods ( TSN ) plant voted by a 93% margin to ratify a new four-year agreement that raises wages and expands benefits.

The new agreement includes 32% wage increases, more paid time off, and expanded retirement benefits, the union said.

Last week, Teamsters members at the Amarillo plant voted to authorize a strike for higher wages and improved benefits.

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