Sara Lee Corp. (SLE.N) said on Monday it plans to cut nearly 1,700 jobs, or about 3 percent of its work force, in the company’s latest effort to reduce costs. The cuts are part of the company’s long-term restructuring plan, which has seen it sell or spin off several businesses to focus on coffee and tea, U.S. deli meats, baked goods and European household products. Read more at The Washington Post.
Green Mountain Coffee Roasters, Inc., a leading roaster and distributor of specialty coffees, has signed a Letter of Intent with the Government of Ethiopia that signifies a commitment to work with Ethiopian fine coffee stakeholders on their initiative to bring greater value to Ethiopian coffees and coffee producers. As part of this partnership, Green Mountain Coffee Roasters will provide its expertise in further developing the program to ensure that premium coffees from Ethiopia are recognized for their distinctive tastes and qualities and to establish better treatment and pricing for Ethiopian farmers. Read this piece at Social Funds.
Posted by beanybabe at 3:14 PM PST
