SARA LEE LAYS OFF MORE WORKERS
NEW YORK — Sara Lee Corp. will lay off 1,300 to 1,400 additional employees, mostly in its Central and South American intimates and underwear manufacturing facilities.
The cuts, which will occur over the next 12 months, come on top of 7,000 layoffs reported in January as part of Sara Lee’s ongoing restructuring efforts.
The action, plus the disposition of additional assets and exit of leases, resulted in a $11 million pretax charge in the most recent quarter.
In confirming details of a published story, a spokesman said no domestic jobs will be affected in the new round of layoffs, which represent less than 1 percent of the firm’s total global workforce of about 150,000.
As reported, the Chicago-based packaged goods firm reported Wednesday an 8 percent drop in net income, to $241 million, or 28 cents a diluted share, on continued weakness in its apparel division.