Oak Brook / IL. (thf) TreeHouse Foods Inc. announced that it plans to close its office in Omaha, Nebraska by January 31, 2019. The decision to close the Omaha office is part of the Company’s previously announced TreeHouse 2020 multi-year restructuring program to reduce its cost structure through simplification and to align the operations with the current and future needs of the business.
«The decision to close the Omaha office was a difficult one, and we are committed to assisting employees through this difficult transition», said Steve Oakland, CEO and President of TreeHouse Foods. «As we streamline our enterprise resource planning systems and near the completion of SAP order-to-cash conversions, it makes a great deal of strategic and financial sense to leverage our shared services capabilities across the Company».
The Omaha office closure will affect approximately 200 employees. The related work content will be consolidated into the Company’s existing facilities in Green Bay, Wisconsin, and Oak Brook, Illinois. TreeHouse is committed to a smooth transition and will provide affected employees with separation pay and outplacement assistance. Costs associated with the office closure are expected to be incurred primarily over the next three quarters, and will total approximately USD 6 million (or USD 0.08 per share), most of which is anticipated to be in cash.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center