Winnipeg Free Press - PRINT EDITION

Business Watch

  • Print

Kellogg to close Ontario plant

LONDON, Ont. -- After nearly 90 years in London, Ont., Kellogg Co. will close its cereal plant by the end of next year, cutting more than 500 full-time jobs.

Employees were told of the plans during a staff meeting Tuesday, about a month after the company announced a restructuring plan that would have laid off 110 workers by January.

Union president Bob Martin said workers were taken aback by the news, given they had been working with Kellogg to lower costs.

Martin said the union was told the plant is old and expensive to maintain and snew equipment would be needed to upgrade production. But he doubted another plant could replicate the production from London, which makes 27 varieties of cereal, including Corn Flakes, Frosted Flakes and Raisin Bran.

Kellogg's has been in London since 1924. Last month, it said it was making cuts as part of an overall restructuring effort to streamline operations by 2018.

 

Bain in control at Canada Goose

TORONTO -- Canada Goose, one of the world's leading makers of extreme-weather outerwear, is selling a majority stake in the company to private investment firm Bain Capital.

Financial terms of the deal were not disclosed by Canada Goose, which said it was making the move to accelerate global growth.

Under the deal, Dani Reiss will remain company president and chief executive and continue to own "a significant minority stake," Canada Goose said in a release Tuesday.

Starting out in a small warehouse in Toronto more than 55 years ago, Canada Goose now employs more than 1,000 people and its apparel is sold in more than 50 countries.

Boston-based Bain Capital LLC is a global private investment firm with approximately $70 billion in assets under management.

 

-- The Canadian Press

Republished from the Winnipeg Free Press print edition December 11, 2013 B6

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Weekend springtime weather with Doug Speirs - Apr 19

View more like this

Photo Store Gallery

  • MIKE APORIUS/WINNIPEG FREE PRESS STANDUP - pretty sunflower in field off HWY 206 near Bird's Hill Park Thursday August 09/2007
  • An American White Pelican takes flight from the banks of the Red River in Lockport, MB. A group of pelicans is referred to as a ‘pod’ and the American White Pelican is the only pelican species to have a horn on its bill. May 16, 2012. SARAH O. SWENSON / WINNIPEG FREE PRESS

View More Gallery Photos

Poll

Now that the snow is mostly gone, what are your plans?

View Results

Ads by Google