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Corporate Short Takes: Kellogg, Iomega Mull Plant Closings

Kellogg Co. is considering closing its South Operation portion of its Battle Creek, Mich., cereal plant. Under the proposed plan, the company would cut 700 of 1,100 positions at the plant in the first quarter of 2000, saving $35 million to $45 million a year. . . Iomega Corp. will take a restructuring charge of $45 million, or 11 cents a share, in the second quarter. The company expects to report an operating loss of 5 cents to 10 cents a share in the second quarter and plans to close facilities in San Jose and San Diego; and consolidate its Nomai operations in France and Scotland. The company anticipates cutting 450 jobs. . . Canada's Western Star Trucks Holdings says a subsidiary, ERF Ltd., plans to start construction this summer on a new truck manufacturing plant in Middlewich, UK. The plant will replace ERF's existing facilities. Western Star Trucks Holdings, based in Kelowna, B.C., builds trucks and supplies transit buses for North America. . . To help its full-time employees purchase home computers, Fel-Pro Inc. provides them with interest-free, cash advances of up of $2,250. Employees have up to two years to repay the cash advance through payroll deductions. The advantage to the chemical and engine-parts maker: It gives employees up-to-date technology at home and reinforces its commitment to a family friendly culture.

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