Guest guest Posted February 21, 2007 Report Share Posted February 21, 2007 http://www.rawstory.com/showarticle.php?src=http%3A%2F%2Fnews.%2Fs%2Fap%2F20070220%2Fap_on_bi_ge%2Fkraft_turnaround_2 Kraft says up to 8,000 jobs cut By ASHLEY M. HEHER, AP Business WriterTue Feb 20, 10:51 AM ET The head of Kraft Foods Inc. said Tuesday that as many as 8,000 jobs could be cut as part of a plan to help the world's second-largest food and beverage maker revive its slumping sales. Kraft says it may eliminate up to 9 percent of its work force and exit up to 20 production facilities, according to a document outlining the plan. Since 2004, Kraft has eliminated 5,500 jobs. Kraft says the restructuring program will include one-time pretax costs of $2.5 billion and it expects the cuts to save the company about $700 million."Get off your ass and take your government back." ~Rocky Ward Now that's room service! Choose from over 150,000 hotels in 45,000 destinations on Travel to find your fit. Quote Link to comment Share on other sites More sharing options...
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