Hain Celestial DownsizesHain Celestial Downsizes
June 30, 2000
BOULDER,Colo.--As of June 29, the Hain Celestial Group eliminated 18 positions in its facilities here--five percent of its Boulder workforce--in an attempt to streamline its holdings. Laid off employees received severance pay and outplacement assistance.
The Uniondale, N.Y.-based Hain Celestial Group is reorganizing the company by reducing investments in certain businesses and consolidating job positions. Celestial Seasonings, a wholly owned subsidiary of Hain Celestial, will remain in Boulder, including all of its management and manufacturing services. Additionally, grocery sales, category management and creative services will be managed from the Colo.-based offices. Hain Celestial expects this to be the last primary merger-related organizational change in Boulder. According to the company, this reorganization will create a stronger combined company to ensure long-term success.
A month before the layoffs, the Hain Food Group and Celestial Seasonings Inc. merged to create The Hain Celestial Group. Steve Hughes, former president and chief executive officer of Celestial Seasonings, left to pursue other interests when the merger was completed. For additional information, visit www.hain-celestial.com.
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