Kellogg says it plans to trim its global work force because of weaker-than-expected sales for the year.
November 04, 2013 at 08:00 AM
1 minute read
Kellogg says it plans to trim its global work force by 7 percent, with the breakfast foods maker citing weaker-than-expected sales for the year.
The maker of Frosted Flakes and Eggo waffles says it expects earnings per share for the year to be toward the lower end of its previous forecast. According to FactSet, Kellogg has 31,000 employees, suggesting the company plans to cut about 2,170 jobs.
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