Atkins Nutritionals trimming work force

Filed under: Atkins Diet,Business — Tags: — @ September 11, 2004

According to the Dow Jones Newswire, Atkins Nutritionals is in the process of laying off workers. Richard Rothstein, a spokesman for the company, which is privately held and currently employs 370 people, would not say how many positions will be cut. “It’s an ongoing process that began this week and will be resolved in the near future,” Rothstein said.

bq. The cuts are the latest sign of distress for the diet company, which bears the name of Dr. Robert Atkins. Its diet peaked last year and has faced criticism from health officials as well as mounting competition from other diets.

In the second quarter, Atkins wrote off some of its inventory as the food expired, a move that weighed on the company

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