Oak Brook / IL. (thf) TreeHouse Foods Inc. announced that it plans to close its St. Louis, Missouri office on June 28, 2019. The decision to close the St. Louis office is part of the Company’s previously announced TreeHouse 2020 multi-year restructuring program to reduce its cost structure and administrative footprint and to align the organization with the current and future needs of the business.
«We appreciate the contributions that the employees at the St. Louis location have made over time. Our decision to close St. Louis was not taken lightly, and we are committed to providing employee assistance through this challenging transition,» said Steve Oakland, CEO and President of TreeHouse Foods. «As we streamline our organization into four divisions (from five) and build our commercial excellence capabilities, it is both prudent and strategic that we also consolidate our administrative locations.»
The St. Louis office closure will affect approximately 170 employees, and the related work content will be consolidated into the Company’s existing facilities in 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 three quarters ending June 30, 2019, and will total approximately USD 7.8 million (or USD 0.10 per share), most of which is anticipated to be in cash.
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