MODESTO, CA - The news isn't good for workers at Post cereal's Modesto plant.
Post Holdings, Inc., announced it will close the plant at 901 E. Whitmore Avenue where approximately 140 people work. The company expects to complete the shift of the plant's production to other facilities and closure by September 2014.
Post manufactures Grape-Nuts cereal at the Modesto plant.
The decision was reached, according to Post management, after discussions with union workers at the Modesto facility.
Post said it expects to see a pre-tax cost savings of approximately $14 million with the Modesto closure.
Word of the possible closure was first reported in March.