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HORSHAM, Pa., April 13, 2018 -- Bimbo Bakeries USA announced today that it will initiate a Voluntary Separation Program (VSP), effectively implementing a lean organizational design to improve efficiency.
The program, which will be offered to certain salaried associates based on their ages and years of service with Bimbo Bakeries USA and/or its legacy companies, will provide eligible associates the option to separate from the company with an enhanced severance and healthcare benefits package.
“Over the past few years, we have been transforming our business to drive growth and improve productivity,” said Fred Penny, President, Bimbo Bakeries USA. “We truly value and respect our associates and, as we redesign our business, want to provide them the ability to explore other opportunities.”
Eligible associates are receiving specific details of their packages this week and may choose to participate in the program through Friday, May 4, 2018.
About Bimbo Bakeries USA
Bimbo Bakeries USA (BBU) is a leader in the baking industry, known for its category leading brands, innovative products, freshness and quality. Our team of 20,000 U.S. associates operates more than 50 manufacturing locations in the United States. Over 11,000 distribution routes deliver our leading brands such as Arnold®, Artesano®, Ball Park®, Bimbo®, Boboli®, Brownberry®, Entenmann's®, eureka!®, Little Bites®, Marinela®, Oroweat®, Sara Lee®, Stroehmann®, and Thomas'®. BBU is owned by Mexico's Grupo Bimbo, S.A.B de C.V., the world's largest baking company with operations in 32 countries.
Media Contact:
Megan Keohane
610-228-0404
[email protected]
