``The privately held Irving, Texas, company, which employs roughly 19,000 people and carries more than $860 million in debt, has been facing a cash squeeze amid high labor costs and rising prices for sugar, flour and other ingredients, according to people familiar with the matter. Those costs together have proved higher than the company's roughly $2.5 billion in annual sales, creating losses and cash shortfalls, the people said.''

The article also points out that the company is being hit by declining sales of its refined-carb-laden products, as consumers are starting to substitute whole alternatives (and we suspect, the expanding low-carb lifestyle trend is starting to hit it as well).

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