Sara Lee Layoffs Job Cut: fires 700 employees, outsources work

The economic crisis is hitting all sectors. Sara Lee, a multi-product company for various consumer products, has decided to go for layoffs - around 7000 employees will be fired by the company. It is learnt that these layoffs are being done to save costs and the work will be outsourced.

How many employees will be fired by Sara Lee layoffs?
Around 700 employees will be asked to quit their jobs at Sara Lee - this makes 10% of its total employee strength.

What is the business of Sara Lee Layoffs?
Based in Downers Grove, Ill., Sara Lee Corporation is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world. Their businesses are:
* Fresh Bakery
* North American Retail
* Foodservice
* International Beverage
* International Bakery
* International Household and Body Care

Are there any plans of outsourcing after the Sara Lee Layoffs?
Yes. The company will outsource parts of its business.

How much savings can be made by outsourcing and Sara Lee Layoffs?
Around $200 million to $250 million of savings can be achieved in the next three years.

Where will Sara Lee outsource the work?
Sara Lee will outsource pieces of its North American and European finance and global information services groups, in addition to its global indirect procurement activities.
Sara Lee has about 44,000 employees worldwide.
Let's hope that alternative jobs are available to the affected employees of Sara Lee Layoffs Job Cut