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Synder’s-Lance to lay off 250 jobs, close chips plant in Florida

Published 28 July 2017

US-based snack foods maker Synder’s –Lance is laying off about 250 employees as part of its transformation plan to streamline processes and structure.

The company, headquartered in Charlotte, is trying to recover from difficult challenges that areaffecting its financial results.

Snyder's-Lance president and CEO Brian Driscoll said: “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.”

Driscoll continued, “These actions are in-line with our previously communicated intentions to initiate a broad-based strategic plan to optimize our cost structure. 

“We will provide a comprehensive overview of the multi-year transformation plan when we report our second quarter financial results on August 8th."

As part of John Maples was appointed as chief customer officer with an immediate effect. Maples joined Snyder's-Lance in 2015 and served as president for Direct Sales Division.

Frank Schuster, current president of DSD division has been shifted to sales execution department to manage company's national distribution network and in-store execution.

Snyder's-Lance said it will also close of its chips plant in Perry, Florida as a part of its streamlining process. The plant is expected to close by the end of September 2017 and the available resources will be used to support the company growth.

Image: Synder’s-Lance to close chips plant in Florida. Photo: courtesy of punsayaporn at FreeDigitalPhotos.net