Corporate Greed Leaves 138 San Antonians Jobless as Bimbo Bakeries USA Lays Off Workers

Bimbo Bakeries USA [announces](URL to source article if available) 138 layoffs in San Antonio, adding to the growing list of job cuts and plant closures across its sister brands.

The Human Cost of Corporate Restructuring:

• 138 jobs cut in San Antonio, Texas.
• Entenmann's and Freihofer's plants in New York closed, leaving 131 workers jobless.
• Grupo Bimbo, the parent company, cites restructuring of North American businesses as the reason.
• This follows a steep decline in profits and sales:
  • Operating income plummeted from $1.95 billion in 2022 to $660 million in 2023. (Food Business News)
  • Net sales decreased by 6% in 2022.

The Bread (Pun Intended) and Butter of Grupo Bimbo:

The corporate giant owns a plethora of baked goods brands, covering bread, rolls, cakes, cookies, and more:

• Arnold
• Ball Park
• Boboli
• Brownberry
• Entenmann's
• Freihofer's
• Maier's
• Marinela
• Mrs. Baird's
• Oroweat
• Sara Lee
• Stroehmann
• Thomas'
• Tia Rosa
• Bimbo

A Bitter Taste:

As Grupo Bimbo restructures, it is the workers who suffer. 138 families in San Antonio are now facing uncertainty, joining the 131 workers let go from Entenmann's and Freihofer's. All while the parent company tries to recover from a dip in profits and sales. It's a stark reminder of the human cost of corporate decisions.