Kellogg’s is planning to cut 223 jobs in at the ready-to-eat cereal (RTEC) plant on Porter Street in Battle Creek, US, in 2018, in a move to streamline and decrease the total cost-per-pound costs, which will improve margins.
The breakfast food giant is beginning its restructuring plan in closing a large number of distribution centers across the US, resulting in mass layoffs.
Credit Suisse has removed Kellogg from its US Focus List after downgrading the food stock to Neutral over concerns that growth at the Kellogg Company isn’t keeping up with peer