Kellogg Co. has announced plans to eliminate jobs in North America as part of a reorganization plan designed to “simplify the organization.” The company did not disclose how many jobs will be affected.
Kellogg said the reorganization plan primarily affects its North America segment and is being taken in anticipation of the previously announced divestiture of select cookies, fruit and fruit-flavored snacks, pie crusts and ice cream cone businesses. Kellogg in April agreed to sell its Keebler cookie business and other brands to Italy’s Ferrero Group for $1.3 billion. That transaction is expected to close by the end of July.
The reorganization is expected to be complete by the end of next year, Kellogg said, and will result in pre-tax charges of about $35 million, including approximately $20 million in severance and other employee-termination benefits.
By Eric Schroeder
Source: Food Business News
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
