US food company Aurora Foods has said it is to cut around a quarter of its corporate staff, as part of its ongoing strategy to streamline operations and improve profitability.
This development follows several recent organisational changes, including the executive promotions of Eric Brenk and Michael J. Hojnacki as co-presidents and co-chief operating officers and the simplification of Aurora’s sales organisation into three divisions.
“Our objective is to be a leaner, stronger and more profitable company,” said Dale F. Morrison, Aurora’s chairman and CEO. “We continue to make progress on several fronts to transform Aurora into a more competitive, productive and efficient organisation.”
The staff reductions are expected to result in annual savings of more than US$10m. Aurora will take a pre-tax charge over future quarters of approximately $8m for costs associated with these changes.