Maryland could have used some good news.
After all the factory closures that have plagued the state…
And with the jobs picture looking increasingly grim as trade war-inspired boycotts decimate US exports…
Well, it would have been nice to get some good news for a change.
Instead, Maryland is losing another plant – a Frito-Lay distribution / warehouse facility in Aberdeen, with 56 jobs lost.
Frito-Lay has been closing down plants as demand for its chips declines.
The American consumer has been turning away from chips and salty snacks and toward healthier options for the last few years as Gen Z and Millennials have been pushing things in a different direction.
Plus, the trade war has hit demand hard in two key ways:
- Boycotts of American goods in foreign markets have slashed exports, reducing demand abroad, and simultaneously:
- The slowdown of the American economy as employers react to reduced foreign demand has also prompted domestic consumers to reduce their own spending.
Put it all together, and it’s no surprise that companies are doing what they can to reduce costs.
Unfortunately; that often means cutting jobs.
And of course – knowing that it’s all logical and reasonable doesn’t help the 56 hardworking Marylanders who are stuck trying to find new work in a tough economy.
If you have any leads or words of encouragement for these folks, please share in the comments!
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