Otis Worldwide Corp
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Industrials : Machinery | Mid Cap Blend
Company profile

Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company operates through two segments: New Equipment and Service. Through its New Equipment segment, it designs, manufactures, sells and installs a range of passenger and freight elevators, as well as escalators and moving walkways to customers in the residential and commercial buildings, and infrastructure projects. The Company sells its New Equipment units directly to customers, as well as through agents and distributors globally. Through its Service segment, the Company performs maintenance and repair services for both its products and those of other manufacturers and provides services to upgrade elevators and escalators. It provides Otis ONE, an Internet of Things (IoT) based solution to connect elevators to OtisLine. Otis also offers a range of passenger experience enhancements such as eView and Otis eCall.

Closing Price
$84.56
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Heavy Day)
Volume:
3,058,659

10-day average volume:
1,732,610
3,058,659

Tyson Foods Strengthens its Commitment to Immigrant Team Members with $1.5M Investment

2:00 pm ET November 15, 2022 (Globe Newswire) Print
Tyson Foods Strengthens its Commitment to Immigrant Team Members with $1.5M InvestmentNational Immigration Forum recognizes the company with the "Keepers of the American Dream Award"GlobeNewswireNovember 15, 2022

SPRINGDALE, Ark., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Tyson Foods announced today it is strengthening its commitment to immigrant team members by investing an additional $1.5 million to provide free legal and citizenship services.

The company has now invested more than $2.4 million during the past two years to support partners like Immigrant Connection, a non-profit organization that provides immigrants with legal services, such as employment authorization renewals and petitions for citizenship.

Since 2020, the company has doubled the legal services offered to U.S. team members, helped more than 500 Tyson team members with their citizenship status and counseled over 2,500 team members in need of legal services. Tyson Foods has also spent millions of dollars providing ESL and citizenship classes through Upward Academy.

As a result, the National Immigration Forum is awarding Tyson Foods the "Keepers of the American Dream" award at its Leading the Way Conference in Washington, D.C. on November 16. This award goes to leaders and organizations making their community and country a better place for immigrants.

"I am thankful to Tyson Foods and the Immigration Partnership Program. I am now an American citizen, proud to be able to vote for the first time in a country I lived in and called my home for the last 12 years," said Johanna Soderstrom, executive vice president, chief people officer, Tyson Foods. "This is a wonderful benefit available to all Tyson team members and their family members."

"Tyson Foods has supported me and my family for nearly nine years; giving us jobs and benefits we could never dream of," said Paw Law, Tyson Foods Clarksville, Arkansas team member. "I was born in a refugee camp in Thailand and didn't know what to expect when we got to the United States. After going through the immigration program at Tyson Foods, I finally feel like I belong somewhere and I'm extremely proud to be a U.S. citizen."

Tyson Foods has historically attracted immigrants because it provides good-paying entry level jobs with benefits. With average hourly pay of more than $18 plus the value of medical, dental and vision insurance, vacation and other benefits, the average total compensation for hourly team members has increased to more than $24 an hour, or an annual value of more than $50,000.

The company has also invested more than $500 million in wage increases and bonuses for frontline workers over the past year. In addition, it is piloting subsidized and onsite childcare, as well as seven near-site health centers. An increasing number of Tyson production facilities are also offering more flexible work schedules for frontline workers.

"Nearly 20 years ago, I had the pleasure of supporting newly arrived refugee employees at a Tyson facility in West Virginia as a refugee resettlement practitioner," said Jennie Murray, Chief Executive Officer, National Immigration Forum. "Since then, including with today's announcement, Tyson Foods has continued to be one of our nation's most welcoming and inclusive employers of immigrants and refugees. We are thrilled to honor Tyson Foods with the Keepers of the American Dream award for their innovative work and to continue to promote their best practices."

About Tyson Foods, Inc.

Tyson Foods, Inc. (NYSE: TSN) is one of the world's largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the Company has a broad portfolio of products and brands like Tyson(R), Jimmy Dean(R), Hillshire Farm(R), Ball Park(R), Wright(R), Aidells(R), ibp(R) and State Fair(R). Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it's available and raise the world's expectations for how much good food can do. Headquartered in Springdale, Arkansas, the Company had approximately 137,000 team members on October 2, 2021. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.

Media Contact: Kelly Hellbusch, Kelly.hellbusch@tyson.com, 281-799-9784.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/978eaeeb-5c44-4e06-9f7d-cdecca33e619





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National Immigration Forum recognizes the company with the "Keepers of the American Dream Award"

Johanna Soderstrom, executive vice president, chief people officer, Tyson Foods and Paw Law, Tyson Foods Clarksville, Arkansas team member.
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COMTEX_418949089/2010/2022-11-15T14:00:00

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