McCormick & Co. Inc. will cut an unspecified number of jobs across its global spice operation, consolidate manufacturing facilities, revamp its struggling industrial business and cut administrative costs as part of a plan to rebound from a disappointing year.

The world's largest spice maker is expected to take charges of $130 million to $150 million against earnings, with about 60% coming from severance and other personnel costs. The cuts will be phased over three years and are expected to save $50 million annually beginning in 2008.