Lamb Weston Holdings is restructuring its business, responding to a softening in consumer demand. The French-fry giant closed its Connell, Washington processing plant, effective September 30, 2024.   

“To drive operational and cost efficiencies, we are taking actions that include the permanent closure of an older, higher-cost processing facility and the temporary curtailment of certain production lines and schedules in our manufacturing network,” said president and CEO Tom Werner.

“Together, we expect these actions will help us better manage our factory utilization rates and ease some of the current supply-demand imbalance in North America.”

McDonalds is a leading customer of its French fries. 

The company reported it would reduce its global workforce of 10,000 by four per cent and eliminate unfilled job positions. The company will also reduce fiscal 2025 capital expenditures from $850 million to $750 million.

Source:  Tri-City Herald October 2, 2024