Tyson expects the changes to create annual savings of between US$100 million and US$150 million, according to analysts at Stephens Inc.
The move comes days after JBS agreed to form a US$2.5 billion joint venture with Indonesia’s Danantara.
Maple Leaf Foods retained its 2026 revenue and earnings forecasts despite revenue falling short of market expectations.
The programme also aims to increase private investment, improve access to finance and create jobs across the poultry and aquaculture value chains.
Seychelles is seeking to expand domestic meat production and reduce its reliance on imports.