General Mills will lay off 211 employees at its Blue Buffalo manufacturing plant in Independence on Oct. 6, according to the Iowa Workforce Development Worker Adjustment and Retraining Notification (WARN).
https://www.petfoodprocessing.net/articles/17264-general-mills-to-close-iowa-pet-treat-plant
Su-ks. Stock is almost down $10 since Jan 1st and seems like the only idea to improve cash flow into a category that is struggling post covid. The business is still dealing with severe raw materials and capacity constraints impacting availability and growth. Innovation is also falling flat in the treat side of the market so make sense to close the plant.