- William Morrison Supermarkets in the UK has confirmed that it has decided to close three warehouses, eliminating about 2,500 jobs, though the company says it will try to minimize layoffs by offering at least some of the workers other jobs within the company.
It is expected that the announcement will result in a strike against the company that will commence later this week, though last-ditch negotiations between management and the union are expected to take place today.
- Crain’s Chicago Business reports that Kraft Foods is giving its traditional macaroni and cheese product a facelift, developing new shapes as well as adding vitamins and developing a new whole grain variety. The moves are in response to slipping sales for the six-decade old company mainstay.
- General Mills shareholders voted this week to reject a proposal to explore a possible sale of the company.