Tyson Issues Statement On Ruling By Philippines' Dept. Of Labor And Employment

(RTTNews) - Tyson Foods, Inc. (TSN) said the company was recently notified that the National Labor Relations Council of the Department of Labor and Employment in Philippines has ruled against an appeal related to the 1995 closing of an apparel manufacturing facility operated by a subsidiary of the former Sara Lee Corp. Tyson Foods said it is considering all appellate options including asking the NLRC to reconsider its ruling and the Philippine courts to overturn the ruling.

David Van Bebber, general counsel for Tyson Foods, said: "As Hillshire Brands does not have any operations in the Philippines, we don't expect this decision to have any impact on our business."

Tyson noted that the case pre-dates the company's acquisition of The Hillshire Brands Company, which was formerly known as Sara Lee Corp., by more than 15 years.