TreeHouse Foods announces plans to close St. Louis, Missouri office
The decision to close the St. Louis office is part of the company's previously announced TreeHouse 2020 multi-year restructuring program to reduce its cost structure and administrative footprint and to align the organization with the current and future needs of the business.
The St. Louis office closure will affect approximately 170 employees, and the related work content will be consolidated into the company's existing facilities in Oak Brook, Ill.
TreeHouse is committed to a smooth transition and will provide affected employees with separation pay and outplacement assistance.
Costs associated with the office closure are expected to be incurred primarily over the three quarters ending June 30, 2019, and will total approximately $7.8 million (or $0.10 per share), most of which is anticipated to be in cash. ■