EU Securities Watchdog Wants New Powers Post BrexitKellogg is closing distribution centers around the nation, laying off more than 1,000 workers. If you loved this information and you would like to obtain additional facts concerning website laten maken (Learn Additional Here) kindly go to our own website. It has been cutting costs as sales decline amid changing consumer trends. The company is following through on a prior decision to shift to a warehouse system. FILE - In a Wednesday, July 18, 2012, file photo, Kellogg's cereals are on display at a Pittsburgh grocery market.
Other closings include centers in Houston and Fort Worth, Texas, affecting 420 workers. It will close a center in Sharonville, Ohio, and lay off nearly 250 employees. Facilities in Charlotte and Greensboro, North Carolina, will also close, affecting 500 workers. The Battle Creek, Michigan-based company will shut down a distribution center in Memphis and lay off 172 workers.
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" He said that militant groups are using Libya as a "staging ground to threaten Egyptian national security. He added that Russia and Egypt will continue to speak against countries harboring terrorists and providing militants a "safe haven. "The talks tackled ways to combat this phenomenon," Shurki said.
Egypt has been hit with a wave of terrorist attacks since 2013, following the military ouster of Islamist President Mohammed Morsi, with the Islamic State group focusing on Coptic Christians, Egypt's vulnerable minority.
LONDON, May 30 (Reuters) - The European Union's securities watchdog wants new powers over clearing houses, credit rating agencies and some financial benchmarks that operate in the EU but are based outside the bloc, as Brexit ushers in fundamental changes to markets.
Brussels is due next month to publish a draft law on supervision of clearing euro-denominated transactions after calls from EU policymakers for this activity, which London dominates, to be moved to the euro zone due to Brexit.
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The law comes as part of el-Sissi's wider crackdown on dissent since he rose to power in 2013, when he led a military overthrow of his Islamist predecessor Mohamed Morsi. International rights groups described the law as draconian and a "death warrant" to rights groups, saying it would effectively lead to the shutdown of many groups.
That's a system the company already was using for the majority of its products. Earlier this year, Kellogg said it would close nearly 40 distribution centers and use a warehouse system. It said it would be ending direct delivery of products to supermarkets and big-box retailers and instead ship those products to warehouses before they move to retailers' distribution centers.
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Sales have been declining since 2013 at Kellogg. Kellogg and competitors like General Mills and Post have been cutting costs and changing strategies as consumer trends shift away from processed foods in North America, a key market for Kellogg.
ESMA also said it wants powers to suspend financial rules in the EU on a temporary basis, similar to the "no action" letters U. regulators can send financial firms when a deadline for compliance has no chance of being met.