Kellogg's to close London plant in the new year, lay off 500 workers
LONDON, Ont. - The Kelloggâ€™s plant in London, Ont., will close by the end of 2014, resulting in the loss of more than 500 full-time jobs.
The news was delivered to employees this morning during a mandatory all-staff meeting.
Just last month, the company announced 110 of its 500 full-time unionized workers would be laid off by January 2014.
The cuts are part of an overall restructuring Kellogg's is undertaking to streamline their operations by 2018. The London plant has steadily been producing less of their 27 different varieties of cereal every year.
Almost all traditional cereal makers are facing a declines in sales, as more Canadians choose breakfast meals such as shakes and cereal bars over pouring a bowl of cereal.
Kelloggâ€™s has been in London since 1924.
Read more Business News
- Hawks turn tables, tie seriesSports - 10:15 pm
- Diver finds 13 more bodiesWorld - 7:24 pm
- Market president steps downKelowna - 2:30 pm
- A splash of colour, a dash of funKelowna - 12:32 pm
|QHR Technologies Inc||1.29||+0.07|
|Anavex Life Sciences||0.375||0.00|
|Copper Mountain Mining||2.35||-0.07|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.25||+0.02|
With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...
How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...
The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...