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Kellogg Taking $35 Million Hit, Cutting 150 Jobs

June 19, 2019
Kellogg Co. announced Tuesday that it is taking a $35 million pretax hit to restructure its North American business as aresult of its recent sale of its cookie business and other assets.
The comany revealed that it is eliminating 150 jobs in North America as its reorganization continues and that $20 million of the pretax charge was for employee severance and termination benefits.
Kellogg’s restructuring is expected to be completed by the end of 2020.