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Kellogg Company
Kellogg will cut its global work force by 7%
Kellogg will cut its global work force by 7%

Kellogg Co. on Monday reported third-quarter net sales of $3.7 billion and also announced a four-year plan to cut costs that will include reducing its global work force by 7%, or about 2,000 jobs. Though the company largely met earnings expectations, its U.S. morning food sales declined 2.2% to $883 million in the quarter ending Sept. 28, Kellogg said.  Its U.S. snacks sales also declined, falling 2.4% to $886 million in the third quarter. Kellogg is not alone in suffering revenue drops amid a poor economy. Other food companies such as Kraft Foods Inc. have struggled to get customers to spend more money at the grocery store.  Michigan-based Kellogg said its plan to cut...

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