Snack Maker Snyder’s-Lance to Lay Off Hundreds of Workers

July 25, 2017

1 Min Read
Snack Maker Snyder’s-Lance to Lay Off Hundreds of Workers
Snyder's-Lance is cutting jobs and closing a plant. Image courtesy of Flickr user ezraw

Snack maker Snyder’s-Lance Inc. will cut 250 jobs and close a chip production plant in Perry, FL in a move intended to help the Charlotte, N.C. company rebound from poor financial results, a press released announced Tuesday.

“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 a statement by Brian Driscoll, the firm’s president and chief executive officer.

Job cuts will take place by the end of next week across Snyder’s-Lance’s global footprint, according to the company’s press release. The chip plant in Florida will shutter by the end of September this year.

Last week the company cut 24 accounting positions from its workforce in Hanover, PA.

“These actions are in line with our previously communicated intentions to initiate a broad-based strategic plan to optimize our cost structure,” said Driscoll, who became CEO of the snack firm after Carl Lee vacated the position this April.

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