Sara Lee Corp. has cut some 300 jobs across its North American operations in a bid to boost profits.
Go deeper with GlobalData
The US-based group said the layoffs were made across its business in North America and were not focused on a specific unit.
Rising costs, particularly on commodities, have weighed on Sara Lee. In February reported a dip in half-year profits, as more expensive raw materials offset a rise in sales.
A spokesman for Sara Lee said the job cuts were part of the company’s strategy to “reduce expenses” across the business.
Last month, the company announced it would sell its minority stake in Mexican meat and dairy group Qualtia Alimentos to venture partner Xignux, a local conglomerate.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
