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Keurig Lays Off 200 In Vermont

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Keurig Green Mountain says most of the layoffs it announced this week will be in Vermont.

A company spokeswoman says 200 of the 330 layoffs will be Vermont workers, mostly from Waterbury. She says the company has about 2,000 employees statewide.

Officials stress that about 75 production jobs will be opening up at the Waterbury and Williston facilities and some of the laid-off workers may find jobs there.

The Waterbury-based company on Wednesday reported lower quarterly sales and said it was cutting 5 percent of its workforce worldwide in an effort to reduce costs. Third-quarter profits slumped 27 percent to $113.6 million.

©2015 The Associated Press. All Rights Reserved.

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