Minnesota-based Schwan's to cut 60 employeesMARSHALL, Minn. (AP) — Food maker Schwan's is laying off about 60 employees in Minnesota in a cost-cutting move.
MARSHALL, Minn. (AP) — Food maker Schwan's is laying off about 60 employees in Minnesota in a cost-cutting move.
The Schwan Food Co. says the job cuts will happen in Marshall, where the company is based, and in Bloomington. Schwan's is not releasing exact figures by location, but a company spokesman tells The Independent of Marshall (http://bit.ly/vUXjLn) that both locations are affected equally.
Schwan's also would not say in which divisions the layoffs are taking place.
The company says laid-off employees will stay on the payroll and receive benefits through the holidays. They also are being offered severance packages and outplacement services.
Schwan's CEO, president and chief operating officer Greg Flack says the move will help the company reduce operating costs
The cuts represent about 2 percent of the 2,500 Schwan's employees in Minnesota.