Meanwhile, net sales for the first six months of 2019 fell 4.8% from the prior year. Earlier this month the company said it plans to eliminate 400 hourly jobs this year as part of a global restructuring, after cutting 1,400 jobs last year, mostly outside the U.S. The maker of the iconic ketchup and macaroni and cheese brands employed about 38,000 people worldwide as of December, and last year reported more than $26 billion in sales.