PERRY, Fla. (WTXL) - Synder's Lance has announced that they will be closing their Perry manufacturing plant in September.
The company launched its a broad-based performance transformation plan today.
As a part of that plan, they announced that the chips plant in Perry, Florida will be closing by the end of September.
They say the decision is intended to help the company more effectively utilize the capacity of its remaining chips plants and re-allocate resources to support growth objectives.
"This has been a very difficult decision for our organization and we sincerely appreciate how difficult this is for our impacted team members and their families. However, this is a required first step to improve our financial performance, balancing costs and expected levels of profitability in a very competitive environment," said Brian Driscoll, President and Chief Executive Officer of Snyder's-Lance.
The company says they will reduce its global workforce by approximately 250 positions.
The plan is intended to substantially streamline the Company's processes and structure, drive out costs and complexity, and enhance long-term shareholder value.