Cobourg Mayor Lucas Cleveland says the announced closure of Post Holdings’ cereal plant is “devastating” news for the 150 workers and their families in Cobourg and Northumberland County.
The U.S.-based company confirmed this week that it plans to shut down its cereal production facilities in Cobourg and Sparks, Nevada, by the end of 2025. Post says the closures are in response to declining demand for ready-to-eat cereal products.
Cleveland says the decision is devastating’ for the 150 workers affected.
The plant has been a significant employer in Cobourg since Post acquired Weetabix in 2017. The company says closing both plants could cost up to $67.5 million but expects to save about $23 million annually by 2026.
Post Consumer Brands CEO Nicolas Catoggio called the closures a “difficult but necessary step” in a company statement, adding the goal is to better use its manufacturing network.
While Post has not released details about worker transition plans, local leaders and labour advocates are expected to push for retraining, severance, and support programs. Cleveland says the Town will work with the province and community partners to explore available supports for those affected.
The economic impact of the closure is expected to be felt across the region, including in small businesses and services that rely on local spending.
(Written by: Joseph Goden)
