McDonald’s french fries provider closes plant as sales slow
One of the biggest suppliers of french fries to Chicago-based fast-food behemoth McDonald’s shuttered a Washington factory and lay off around 400 workers as chain sales are still slow.
Fox Business reports that the layoffs at Lamb Weston, the top french fry supplier in the nation, were revealed during an earnings call by the president and CEO of the firm.
Comprising 375 workers, or over 4% of the company’s entire workforce, the layoffs represent
Lamb Weston’s revenues are mostly driven by its fast food sector, even though the firm also sells french fries for other eateries and grocery shops.
The New York Post claims that the regular low-cost meal specials provided by fast-food restaurants in an attempt to entice consumers back to the drive-through lane have not financially benefited the french fry behemoth.
Industry analysts have linked declining fast food sales to rising menu prices of some big companies.