Oberweis Dairy Files for Bankruptcy, Will Close North Aurora Plant Resulting in 127 Layoffs

Oberweis Dairy filed for Chapter 11 bankruptcy and will close its North Aurora plant, resulting in 127 layoffs starting June 11
The company is known for its ice cream stores and milk in glass bottles, but faced financial struggles recently
Oberweis employs over 1,100 people, with the workforce swelling to over 1,500 in peak ice cream season
The company hopes to continue operating and find a buyer to preserve over 1,000 jobs
Challenges include dropping milk consumption, growing plant-based competition, high expenses, and past strategic mistakes