PepsiCo to shutter NY factory — laying off nearly 300 people

Company Overview - PepsiCo has announced the closure of its Hudson Valley manufacturing facility in Liberty, NY, which produces PopCorners snacks, resulting in nearly 300 job losses [1][6] - The facility has been a significant employer in the region for almost three decades, initially operating under Ideal Snacks since its founding in 1997 [6] Reasons for Closure - The closure is attributed to challenges in sustaining long-term operations amid shifts in the snack industry and slowing growth in the product line [2][3] - PepsiCo acknowledged the plant's contributions but cited broader industry trends as a reason for the decision [4] Impact on Employees and Community - Layoffs will begin on May 21 and occur over a two-week period, with affected employees being non-unionized [3] - Local officials expressed disappointment over the closure, emphasizing the plant's integral role in the community [10] - Economic development groups are collaborating with local governments and PepsiCo to assist displaced workers [11] Economic Context - Despite the setback from the plant closure, Sullivan County reported the strongest private sector job growth in the Hudson Valley last year, along with a slight decline in unemployment [12] - However, challenges remain, as 14.8% of the county's residents lived in poverty in 2023, higher than the national average of 12.5% [13]