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breakfast foods maker citing  
By yiyang on Jul 04, 2014 01:43 AM
<P>NEW YORK (AP) Kellogg says it plans to trim its global workforce by 7 percent, with the breakfast foods maker citing weakerthanexpected sales for the year.</P>
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<P>The maker of Frosted Flakes and Eggo waffles says it expects earnings per share for the year to cheap jerseys be toward the lower end of its previous forecast. According to FactSet, Kellogg has 31,000 employees, suggesting the company plans to cut about 2,170 jobs.</P>
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<P>Kellogg, based in Battle Creek, Mich., has been struggling to boost cereal sales in its flagship North American market. Although cereal remains a huge business, Americans have a growing number of options and are increasingly reaching for foods that they can eat on the go.</P>
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<P>The costcutting plan which the company has dubbed "Project K" will include the consolidation of plants and the "elimination of excess capacity," the company said.</P>
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<P>For the quarter, Kellogg Co. says it earned $326 Wholesale NFL Jerseys million, or 90 cents per share. Not including onetime items, it earned 95 cents per share, which was above the 89 cents per share Wall Street expected.</P>
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