date:Nov 05, 2013
The Kellogg Company, a US-based food company, has outlaid a four-year global strategy, Project K, to amass considerable savings to be invested in core business areas of the company.
With this project, the cereal maker expects pre-tax charges in the range of $1.2bn - $1.4bn, alongside non-cash costs of around $275m and $325m by the end of 2017.
In addition, the global workforce of the company will be brought down by 7% over the course of the improvement program.
Kellogg Company president and C