Green Mountain Coffee Roasters to Cut Jobs

Green Mountain Coffee Roasters (NASDAQ: GMCR  ) will be making cuts in its employee rolls. The company announced that 74 full-time employees at two of its smaller facilities -- one in Castroville, Calif., and the other in Toronto -- will be part of a "workforce reduction." Seasonal layoffs will also affect 36 workers in Toronto and another facility in Montreal.

The firm pointed out that these moves will cover less than 2% of its total North American workforce as of the end of 2012.

Green Mountain expects these cuts to be complete by mid-May. It anticipates that it will book a one-time charge of $600,000-$650,000 in its Q2 for costs related to the redundancies.


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  • Report this Comment On March 14, 2013, at 8:10 AM, ralph0865 wrote:

    GMCR through new CEO Kelley is simply doing what is expect in retooling the workforce to its most efficient level. When this is done, management is doing its job. Very well seen with shareholders and for the stock price (increases stock price!!!)

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