By A major french fry supplier is cutting jobs as customers continue to count their pennies amid inflated prices at fast-food chains.
Lamb Weston, the largest producer of french fries in North America, announced last week it was closing its plant in Connell, Washington, meaning 375 employees, or 4% of its workforce, would be laid off, according to an earnings report released last week.
“Restaurant traffic and frozen potato demand, relative to supply, continue to be soft, and we believe it will remain soft through the remainder of fiscal 2025,” Tom Werner, Lamb Weston president and CEO, said last week on an earnings call.
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Overall, restaurant traffic in the U.S. was down 2% last quarter and 3% the previous quarter compared to the same time last year, according to Lamb Weston.
Original article source: Major McDonald’s french fry supplier closes plant in Washington, slashes jobs as inflation continues
