Flowers Foods, Inc.

摘要

Work at Flowers Foods, Inc., Thomas-ville, Ga., to generate savings from a major restructuring initiative began to bear fruit over the past year, but translating the increased efficiency into improved profitability proved to be a real uphill climb. Numerous changes at the company came to light, beginning with a voluntary separation incentive program first announced in July 2017 but with details disclosed later in the year. An outgrowth of Project Centennial, an operational review and multi-year plan first announced in August 2016, the separation plan was part of an effort to "restructure, streamline operations and better position the company for profitable growth," Flowers said. The separation plan was offered to certain salaried employees meeting defined age, length-of-service and business function criteria. In late September 2017, the company said the VSIP had been completed and that it, together with other initiatives, would result in a net overall headcount reduction of approximately 450 associates, including a 15% reduction in management positions.