Saputo Dairy UK (SDUK) is planning to close its Wensleydale Creamery plant in Kirkby Malzeard.
The move is anticipated to put around 80 jobs on the line, with SDUK looking to shut the site and move operations to Nuneaton.
Staff at the cheese packing facility are to be consulted before a final decision is made.
In a statement reported by the BBC, the business said it proposing to “relocate most of the cheese packing operations to our existing facility in Nuneaton, where we have recently completed a major investment.”
It added that should the plans go ahead “the facility in Kirkby Malzeard will be closed and new roles will be created in Nuneaton,” continuing that the relocation was “right for the long-term future of the business as we maintain our efforts to pursue further efficiencies, reduce costs and manufacture products of the highest quality.”
The company is to continue making cheese at its main plant in Hawes.
Saputo acquired the activities of Wensleydale Dairy Products in 2021 for £23m.