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.
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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.
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