MAY 16, 2022 — PRODUCTION CHANGES AND LAYOFFS
Restructuring continues…
"After a financial and operational review, NDSM Holdings, LLC (a joint venture between New Dairy Opco, LLC and Select Milk Producers, Inc.) informed employees, vendors, and customers this week of its difficult decision to cease operations at its Chemung, IL manufacturing plant and cease fresh fluid milk production at its De Pere, WI manufacturing plant by July 9, 2022."
"Sour cream operations will continue at the De Pere facility. A business office in Franklin Park, IL will also close at that time. This change will impact the production and distribution of various brand-named milk products distributed across Illinois and Wisconsin."
The statement concluded: "NDSM is committed to assisting the affected employees through the transition by offering notification pay and job search assistance."
APRIL 19, 2022 — Original post…
Dallas, Texas-based Borden Dairy Company, a dairy processor and distributor, has announced several restructuring changes in response to a financial and operational review and including the company's withdrawal from the South Carolina retail market, the closure of its processing plant in North Charleston, South Carolina, and the closure of its Miami, Florida processing plant.
It appears that the decisions were the result of a financial and operational review on behalf of Borden's owners, Denver, Colorado-based Capital Peak Partners, and New York-based KKR who acquired Borden Dairy out of bankruptcy in 2020. A major influence was the change in consumer purchasing tastes where milk has given up market share to other beverages.
The closure of the North Charleston plant is scheduled for May 31, 2022, and will impact an unknown number of employees. The closure of the Miami-Dade plant is also scheduled for May 31, 2022, and will impact 154 employees.
According to a company statement, “While the decision was a difficult one, the company has determined that it could no longer support the location’s continued operation."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?