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
In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.
Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes 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.
Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.
