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XPost: alt.fan.rush-limbaugh, alt.society.liberalism
Frito-Lay (NASDAQ:PEP) is shutting down production at its Rancho
Cucamonga plant in Southern California after 50 years in operation.
Although no reason was given for the decision, Frito-Lay North America ("FLNA"), a division of PepsiCo (NASDAQ:PEP) reported an 11% decline in operating profit in Q4 2024, primarily reflecting operating cost
increases and a decline in organic volume.
The company no longer strips out Frito-Lay North America financial
results. The division is now included with Quaker Foods into a single
unit, PepsiCo Foods North America ("PFNA").
Although the company will maintain its distribution, fleet, and
warehouse operations at the Rancho Cucamonga plant, shutting down
manufacturing is expected to result in the loss of “hundreds” of jobs, according to USA Today.
Because the Rancho Cucamonga plant is not registered with California’s
Worker Adjustment and Retraining Notification (WARN) database -- which
requires employers to give 60 days’ notice before layoffs – the timing
of the closure and the actual number of employees impacted is unknown.
https://www.msn.com/en-us/money/companies/frito-lay-shutting-down-production-at-southern-california-plant/ar-AA1GBq32
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