Hundreds of Texans employed with soft-serve ice-cream and fast-food chain Dairy Queen are about to get laid off. We’ll be seeing dozens of Dairy Queen restaurants closing across the state in the days to come as a Texas-based franchisee operating Dairy Queen locations enters bankruptcy. The franchisee, Vasari LLC, has just filed for Chapter 11 (more…)
San Francisco-based Del Monte Foods, Inc. announced it sold its Sager Creek vegetable business to McCall Farms Inc. As a result of the sale, Del Monte will be closing its production facility in Siloam Springs, Arkansas. The closure will affect 238 employees.
Analysts Recommend Discount Store Stocks Due to the Economic Worry Cowen and Company analysts are pushing investors towards stocks for companies that deal in lower-priced goods like Wal-Mart Stores Inc (NYSE:WMT) and fast food restaurants due to concerns about economic health and lower-income consumers increasing in number.
Campbell Soup Company Latest Victim of Changing Tastes Campbell Soup Company recently announced its fourth-quarter and full-year results, which gravely disappointed investors. Campbell stock faced a sell-off following the earnings release.
Dine Equity Closing Up to 160 Restaurants, Locals Share Concern Hundreds of Applebee’s Restaurants LLC. and International House of Pancakes (IHOP) locations are going to close this year, and the news has left countless Americans worried about mass layoffs.
169 Job Cuts Coming to Winston-Salem, North Carolina Packaged bakery goods chain, Flowers Foods, Inc. (NYSE:FLO), has announced that the company is closing its bakery warehouse plant in Winston-Salem, North Carolina. The closure of the plant will leave dozens of workers out of jobs.
Loss of Big Contract to Result in Job Cuts at Aramark Food and uniform services company Aramark has announced that it is laying off up to 175 workers after losing a contract with a major client in Houston, Texas. Houston First Corporation, which manages more than 10 city-owned buildings, decided to end its contract with the caterer.
TreeHouse Foods Shuttering Factories in Minnesota and Indiana Multinational food processing company TreeHouse Foods Inc. (NYSE:THS) has announced that it is shutting down two factories—one in Plymouth, Indiana, and another in Brooklyn Park, Minnesota—and partially closing a third one in Dothan, Alabama. Following the closures, hundreds of workers will be left without jobs.
Archer Daniels Midland to Lay Off Employees One of America’s biggest food production and food processing companies, Archer Daniels Midland Company (ADM), has announced plans to lay off employees as it faces financial challenges. According to company spokesperson Colin McBean, the layoffs are part of the company’s efforts to streamline its business as the agribusiness (more…)
Snyder’s-Lance Announces Another 250 Layoffs Just days after cutting two dozen jobs at its corporate headquarters, Snyder’s-Lance Inc has announced another 250 layoffs. These layoffs will cut the company’s 6,100-strong workforce by four percent. The snack manufacturer based in Charlotte, North Carolina, has announced that the company is cutting the jobs in order to achieve (more…)