Sara Lee Corporation announced its intent to outsource pieces of its North American and European Finance and Global Information Services groups, as well as the company’s global indirect procurement activities. This effort is an important component of Sara Lee’s “Accelerate” initiative, the company’s series of global projects designed to drive annualized benefits of $200 – $250 million in the next three years.
As a result, approximately 700 positions, including roles currently performed by contractors, would become redundant. According to Crain’s Chicago Business, Illinois jobs, where the company is headquartered, will suffer only minimal cuts.
“’Project Accelerate’ is designed to improve margins and drive shareholder value as we continue to build the long-term strength of the company,” said Brenda Barnes, chairman and chief executive officer, Sara Lee Corp. “In addition to the cost savings, business process outsourcing will help Sara Lee further drive standardization, increase efficiency and provide flexibility.”
Sara Lee expects to begin implementation of the initiative in North America in the current fiscal year, and plans to complete global implementation within three years, fully respecting all required consultation procedures in Europe. The company is currently finalizing contract specifics with a third-party supplier.
The company operates various consumer brands, including AmbiPur, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Kiwi, Sanex, Sara Lee and Senseo. Collectively, these brands generate more than $13 billion in annual net sales covering approximately 200 countries. The Sara Lee community consists of 44,000 employees worldwide.