McDonald’s French Fry Supplier Suddenly Closes factory, Cuts Hundreds Of jobs
6 days ago
A major supplier of McDonald’s French fries has announced that its cutting hundreds of jobs as inflation takes a major toll on the pocketbooks of customers who are avoiding the fast food industry because of soaring prices.
The largest producer of French fries in North America, Lamb Weston, is cutting 4% of its global workforce and suddenly closed a plant in Washington after a poor earnings report – which resulted in 375 people losing their jobs.
The CEO saying that “Restaurant traffic and frozen potato demand, relative to supply, continue to be soft, and we believe it will remain soft through the remainder of fiscal year 2025.”
They’re hoping to ease some of the current supply-demand imbalance in North America
“Together, we expect these actions will help us better manage our factory utilization rates.
The largest producer of French fries in North America, Lamb Weston, is cutting 4% of its global workforce and suddenly closed a plant in Washington after a poor earnings report – which resulted in 375 people losing their jobs.
The CEO saying that “Restaurant traffic and frozen potato demand, relative to supply, continue to be soft, and we believe it will remain soft through the remainder of fiscal year 2025.”
They’re hoping to ease some of the current supply-demand imbalance in North America
“Together, we expect these actions will help us better manage our factory utilization rates.
