Recent job articles
October job losses hit a 14 year high- Where is the bailout money really going? CEO's pockets
- Wall Street expects more than 200,000 layoffs
- Circuit City is closing 150 stores in the United States
- Redundancy Entitlements
- Yahoo is set to cut 3,500 jobs by the end of the year
- Tesla Motors gets a new CEO, layoffs are coming
- Most American corporations don't pay income taxes
- PepsiCo is cutting 3,300 jobs around the world
- Jones Soda is laying off 40 percent of their workers
- UBS Bank is cutting over 2,000 jobs
- Kraft Foods is cutting 400 jobs in North America
- eBay is cutting jobs during hard economic times
- Obama calls for small-business rescue plan
- Thousands of jobs are being lost in the United Kingdom
Kraft Foods is cutting 400 jobs in North America
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Foodmaker Kraft Foods Inc. said Monday it is cutting 400 jobs in North America to reduce costs. Kraft spokeswoman Renee Zahery said the layoffs will represent a cut of about 1 percent in the company's North American work force.Zahery said the layoffs will take place across the board in all geographies but will mainly affect employees in its Chicago; Madison, Wis.; Tarrytown, N.Y.; East Hanover, N.J.; and Toronto, Canada offices.
The nation's largest food and beverage maker is in the middle of a three-year transformation that aims to improve sales and profits by lowering costs, launching new products and boosting marketing. The company has also said it hopes to deliver cost savings of $1 billion a year as part of a separate restructuring plan.
Zahery said economic conditions required the company to "be cost-conscious day in and day out. We looked at eliminating jobs as a last resort," she said. More.
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