NO LOVE AT KRISPY KREME DONUTS (03/15/23)

Am I Next? Krispy Kreme Donuts: Layoffs, relocation

MARCH 15, 2023 — 102 LAYOFFS IN CONCORD, NORTH CAROLINA AS FACILITY CLOSES

According to a company spokesperson, “Our fresh daily doughnut business is strong, profitable, and growing quickly. This is the area where we are focusing our investments and resources. Because of this, we chose to exit our underperforming, extended shelf-life snack aisle business and cease production at our manufacturing facility in Concord, N.C., where these snack aisle products were made. We are supporting our affected employees, all of whom are eligible to apply for any open position or for severance and outplacement services. We are grateful to all of them.”

OCTOBER 10, 2022 — 80 LAYOFFS AND IOWA PLANT SHUTDOWN BY CO-PACKER BLACK HAWK FOOD SERVICE.

Black Hawk Food Services, a manufacturer and packer of Krispy Kreme Inc. products, will close its plant in Burlington, Iowa, impacting 80 employees as operations are relocated to Winston-Salem, North Carolina, and Concord, North Carolina.

The decision was driven by inflation and the cost of transportation.

DECEMBER 8, 2017 — Original post…

Krispy Kreme, my favorite donut maker will be laying off 90 workers in a transition move from its present Winston-Salem headquarters to a new headquarters in Charlotte, both in North Carolina (USA). It appears that the Global headquarters will remain in Winston-Salem, but may be moved to London, England, at some future time. It has been suggested that Krispy Kreme will keep a minimal presence in its founding city, but the recently appointed CEO has already signaled the transition with his purchase of a home in the Charlotte area, specifically in Lake Norman.

The company is owned by JAB Holding Company, a privately-held German company based in Luxembourg whose portfolio includes such brands as Coty, Panera, Keurig, various premium coffee chains, Jimmy Choo, Bally, and other premium brands. It is likely that the parent company JAB will be moving pieces around the chessboard as it acquires additional companies and seeks to eliminate duplicative efforts and flatter in the organization.

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. We see good people being laid off through no fault of their own. 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?