UPDATE 1-Tyson sees no big poultry layoffs, seeks CEO inside

CHICAGO, Jan 9 (Reuters) - Tyson Foods Inc (TSN.N) will restructure its poultry business to return it to profitability, but the company does not expect major layoffs as part of the effort, Tyson's interim CEO said on Friday.

Tyson also hopes to name a permanent chief executive soon, recruited from within the company, interim CEO Leland Tollett told employees in remarks that were released to the media.

Former CEO Richard Bond, 61, unexpectedly left Tyson on Monday. Some analysts said that Tyson's weak results in the fiscal 2008 fourth quarter and an expected loss in the 2009 first quarter may have contributed to Bond's departure.

Tyson and other meat companies saw profits hammered in 2008 by high feed prices and a global recession. Some analysts were disappointed that Tyson had not cut chicken production, which they believed was needed to increase prices and improve the company's results. (Reporting by Brad Dorfman)