HORSHAM, PA. — Bimbo Bakeries USA on April 13 announced plans to initiate a Voluntary Separation Program (VSP), effectively implementing a lean organizational design to improve efficiency.
The program, which will be offered to certain salaried associates based on their ages and years of service with B.B.U. and/or its legacy companies, will provide eligible associates the option to separate from the company with an enhanced severance and health care benefits package.
“Over the past few years, we have been transforming our business to drive growth and improve productivity,” said Fred Penny, president of B.B.U. “We truly value and respect our associates and, as we redesign our business, want to provide them the ability to explore other opportunities.”
B.B.U. said it is providing eligible associates specific details of their packages, and they may choose to participate in the program through May 4.