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
Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.
Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.
Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.
