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
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.