In the most delicious of ironies, the company claims its pension and, of course, retiree health care costs have outpaced its earnings. The company's earnings - long predicated on Americans complete dismissal of health concerns surrounding processed foods and sugary snacks - have taken a hit in recent years as consumers have finally woken up to the role of diet in health.
It's about time, and despite the problems of more people losing their jobs, the closing of this chapter in America's food history is a step in the right direction.
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