Krispy Kreme is closing a Concord manufacturing facility and scrapping plans to expand operations in Winston-Salem.
Back in December, the company announced plans to expand the production of its Sweet Treats line in Winston-Salem, generating 180 new jobs with a $5.8 million capital investment over 3-4 years.
But Krispy Kreme announced this week that the line is underperforming. And because its expansion plans hinged on those pre-packaged products, the move no longer made sense.
It decided to close the Concord facility that manufactured the products for the same reason.
One hundred two employees will be laid off when the facility closes on May 11. In a statement, the company said it is offering severance and outplacement services to all affected employees.
Krispy Kreme was founded in Winston-Salem in 1937 and currently employs nearly 300 workers in the city.