Confectionery giant Hershey has reportedly announced the closure of another US plant.
Hershey, the largest candy maker in the US, will close a plant in Oakdale, California with the loss of 575 jobs.
According to a report from the Associated Press, the plant, which is operating at less than 40% capacity, will close next year.
The closure comes as part of a major restructuring plan at Hershey. The company is shedding 1,500 jobs and cutting back the number of production lines by a third.
This month, Hershey has announced the closures of sites in Pennsylvania and Connecticut.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe company hopes the streamlining process will free up more cash fund marketing investment behind brands including Reese’s.
Hershey officials failed to return requests for comment as just-food went to press.