Tasty Baking Co. delivered bad news to employees Friday, announcing the elimination of 32 positions at its former headquarters at the Philadelphia Navy Yard.
The job cuts had been expected after the company's acquisition by Flowers Foods Inc. in May for about $165 million, most of which went to repay debt taken on to pay for the move to a new, $78 million bakery last year.
"As is often the case when two publicly traded companies merge, we found overlap and redundancy in office functions," said Paul Ridder, president of the Philadelphia operation and former Tasty senior vice president and chief financial officer.
