Kellogg will cut 7% of global workforce

12:54 pm
Mon November 4, 2013

Kellogg will cut 7% of global workforce

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Battle Creek company reported net earnings of $326-million in third quarter, and increase of 2.5%.
Food-manufacturing company Kellogg Kellogg may have beat the Street with its third quarter 2013 earnings report Monday morning, but in some bad news for its global workforce, also announced a cost-savings program that will slash 7% of that workforce over the next four years. It also lowered its outlook for the remainder of 2013.
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