BATTLE CREEK (AP) — Kellogg Co. is cutting 150 salaried jobs across North America as part of the previously announced sale of its cookie and fruit snack businesses.
The Battle Creek-based company said Tuesday the action will result in pretax charges of approximately $35 million, including $20 million in severance and termination benefits.
Kellogg announced in April that it was selling its Keebler and Famous Amos cookie brands — as well as its fruit snack, pie crust and ice cream cone businesses — to Italy’s Ferraro International for $1.3 billion.
That sale is expected to close at the end of July. Kellogg said its job cuts and staff reorganization will be complete by the end of 2020.
- Posted June 20, 2019
- Tweet This | Share on Facebook
Kellogg cutting 150 jobs as part of Keebler sale
headlines Oakland County
headlines National
- Did They Know the Score? Amid March Madness, questions remain about college athletes indicted in fixing scheme
- Google’s AI platform incited man’s death by suicide and ‘mass casualty’ attempt, suit alleges
- Goldman Sachs’ top lawyer, who has been linked to Epstein, exits with $25M pay package
- 2 lawyers convicted in staged truck accidents scheme
- Elon Musk defrauded Twitter investors in $44B buyout, jury finds
- Federal judges speak out about threats becoming ‘ordinary’
