“Lamb Weston, which can churn out 250 million pounds of frozen potato products annually at just one facility, announced earlier this month that it would lay off 4% of its workforce (about 428 workers) and shut down its Connell, Wash., production plant. Since the beginning of the year, its share price has plummeted by about 33%.
A Lamb Weston spokesperson told Fortune the closed plant was an older facility representing only 5% of the company’s capacity.
McDonald’s is Lamb Weston’s largest customer, accounting for 13% of its sales. The potato processor also produces fries for Yum Brands, which owns KFC and Taco Bell.
that 80% of all frozen fries products consumed in the U.S. comes from fast-food restaurants.
It’s important to note that many of these promotional meal deals have consumers trading down from a medium fry to a small fry,” Werner said”
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Well..well..it’s all people’s fault because they are trading their medium 🍟 ….to small 🍟…..😂
If that alone derailed the economy…not their predatory practices of overpriced greedflation…..
The free of consequences market predatory practices 101….🔥
hot4you11 on
Or maybe fries are just too expensive
CdnPoster on
What’s going to happen to all these laid off workers? Why can’t they lay off the one CEO that’s making millions and keep the 400 – 500 that are making minimum wage???
RaggedMountainMan on
Ban / boycott McDonald’s. Never again eating there.
4 Comments
“Lamb Weston, which can churn out 250 million pounds of frozen potato products annually at just one facility, announced earlier this month that it would lay off 4% of its workforce (about 428 workers) and shut down its Connell, Wash., production plant. Since the beginning of the year, its share price has plummeted by about 33%.
A Lamb Weston spokesperson told Fortune the closed plant was an older facility representing only 5% of the company’s capacity.
McDonald’s is Lamb Weston’s largest customer, accounting for 13% of its sales. The potato processor also produces fries for Yum Brands, which owns KFC and Taco Bell.
that 80% of all frozen fries products consumed in the U.S. comes from fast-food restaurants.
It’s important to note that many of these promotional meal deals have consumers trading down from a medium fry to a small fry,” Werner said”
– – – – –
Well..well..it’s all people’s fault because they are trading their medium 🍟 ….to small 🍟…..😂
If that alone derailed the economy…not their predatory practices of overpriced greedflation…..
The free of consequences market predatory practices 101….🔥
Or maybe fries are just too expensive
What’s going to happen to all these laid off workers? Why can’t they lay off the one CEO that’s making millions and keep the 400 – 500 that are making minimum wage???
Ban / boycott McDonald’s. Never again eating there.