Posted on 02/05/2014 5:48:47 PM PST by 2ndDivisionVet
Michigan-based Kellogg Co. said Tuesday that it plans to shutter a Charlotte snack factory as part of a plan to cut costs.
The Kellogg plant will close by the end of 2014, a company official said in a statement, and about 195 jobs will be cut. Kellogg’s Charlotte plant is on Louise Avenue, just east of uptown. Workers there produce cookies including Famous Amos, Austin Sandwich Creme and Iced Animals.
“As with any project that impacts people, these are difficult decisions,” CEO John Bryant said in a statement. “We are very mindful of the impact these changes will have – particularly to our employees. As our employees and others would expect from Kellogg, we will help those who are impacted through their transitions.”
The factory was formerly Jack’s Cookie Co., according to property records. In 1987, Jack’s was acquired by Murray’s Bakery Products, an Atlanta-based company, which was then acquired by Keebler and finally Kellogg.
Kellogg also said Tuesday that it will close two production lines at its snack factory in Cincinnati.
The closures are part of the company’s “Project K,” an initiative meant to save money and increase efficiency. In December, the company announced plans to close plants in Australia and Canada. At the same time, the company is increasing production at a plant in Thailand and building a new Malaysian snack factory.
Project K is expected to cost between $1.2 billion and $1.4 billion, the company told investors recently. The program is expected to save at least $425 million annually by 2018.
The company reported lackluster results in its most recent quarter, with sales flat at $3.7 billion and profits up less than 1 percent at $326 million. Sales in North America overall fell 1.3 percent, at $2.4 billion, and U.S. snack sales fell 2.5 percent, Kellogg said.
In addition to its portfolio of breakfast cereals, Kellogg makes snacks including Cheez-Its, Pringles and Pop Tarts.
I see the recovery is still going strong ...
Comment.
>>David Danger Brown · Top Commenter · Executive Director at Rehabilitation School for Errant Young Ladies
This is why I just eat bowls full of Krispy-Kreme doughnuts for breakfast.<<
LOL
Couldn’t hold out for Recovery Summer VI?
People need to start making plans. I mean PLANS. Don’t count on your job to be there. Start squirreling away money, buy some supplies, and create a contingency plan.
15K Dell employees are being canned.
News is good and getting better
First, the lunch lady burns her cookies and goes crazy, and now they’re stopping the iced animal cookies. It’s a cookie conspiracy.
there is a call center shutting down here
500 jobs
a lot for this area
The CBO report on the millions of workers to be freed from their jobs in order to be unemployed by virtue of Obamacare, has proven what B. Hussein Obama has said many, many times over his First Five Year Plan: “My number one priority is jobs, Jobs, JOBS!”
We know now that B. Hussein wanted FEWER jobs, but none the less he WAS thinking about jobs, Jobs, JOBS !
Radio Shack is closing another 500 stores this year. Don’t know the number of folks affected but must be at least 5 per store, maybe 25,000 people.
“... Famous Amos, Austin Sandwich Creme and Iced Animals.”
Moo Obama was ecstatic that the factory producing sweet death for children was closed down.
“In addition to its portfolio of breakfast cereals, Kellogg makes snacks including Cheez-Its, Pringles and Pop Tarts.”
Wondering if Kellogg bought some of these companies to gut them and resell. Since they bought Pringles, the company has become almost invisible in Jackson TN, except as an employer. P&G was a high profile member of the community, Kellogg, nada
My brother, a small business owner is going to have to lay off two of his seven employees. This is tearing him up emotionally as they have been good and loyal employees for twenty years or more.
obama economy.
Symptomatic of what's going on all over the country.
On the anniversary of the 500 stores they closed last year.
obama economy again.
Blame Michelle Obama- decrease in snack foods at schools and elsewhere I betchya...
It’s right up there with CVS news about them no longer selling cigarettes because they want their store to have a healthy image...but yet they will continue to sell monster drinks, pop, ice cream, candy, Cheetos and other junk food.
So much for caring about obesity, high blood pressure, diabetes, etc.
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