Kellogg cutting 150 jobs as part of Keebler sale

BATTLE CREEK, Mich. — Kellogg Co. is cutting 150 salaried jobs across North America as part of the previously announced sale of its cookie and fruit snack businesses.The Battle Creek-based company said Tuesday the action will result in pretax charges of approximately $35 million, including $20 million in severance and termination benefits.Kellogg announced in April that it was selling its Keebler and Famous Amos cookie brands — as well as its fruit snack, pie crust and ice cream cone businesses — to Italy’s Ferraro International for $1.3 billion.That sale is expected to close at the end of July. Kellogg said its job cuts and staff reorganization will be complete by the end of 2020.Kellogg’s shares fell 1.5% to $55.69 in late morning trading.The Associated Press

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