Monterey Gourmet Foods
forecast a third-quarter loss and said it would cut 8% of its workforce in a consolidation push.
The Salinas, Calif., company said it would close its Casual Gourmet Foods offices in Clearwater, Fla. The company expects a third-quarter loss of 17 cents to 23 cents a share, tied to a writedown of the Causal Gourmet operations.
"These actions are being taken to make the company more productive and profitable across all our brands and all our plants," said CEO Eric Eddings.