Employees of the Kraft-Heinz plant in Walton, NY can breathe a huge sigh of relief.  The State of New York and Kraft-Heinz have committed to keeping plant open by agreeing to invest up to $50 million for upgrades to factories in New York State.

Below is the press release from Governor Cuomo's office:

"Governor Cuomo and U.S. Senator Charles Schumer announced that an agreement has been reached to save at-risk Kraft-Heinz facilities which employ nearly 1,000 workers throughout Upstate New York. The agreement will ensure that Kraft-Heinz preserves a significant employment base throughout New York State for years to come and paves the way for additional investment and growth at a number of Kraft-Heinz facilities. Under the agreement, Kraft-Heinz will continue operating the Avon, Walton and Lowville plants. Additionally, Kraft-Heinz will defer its planned closure of the Campbell plant for a period of 12-24 months, during which time the company will work with state, federal and local officials in an effort to identify a new operator who would retain the plant’s existing employment. The State and company are also committing to each invest at least $20 million to support and modernize Kraft-Heinz’s Upstate operations."