Kraft Foods to Cut 1,600 Jobs as It Prepares to Split
By Greg Chang -
2012-01-17T16:34:58Z
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Kraft Foods to Cut 1,600 Jobs as It Prepares to Split
David Paul Morris/Bloomberg
Various Kraft Food Co. products are arranged for a photograph in San Francisco.
Various Kraft Food Co. products are arranged for a photograph in San Francisco. Photographer: David Paul Morris/Bloomberg
Kraft Foods said it will realign its U.S. sales organization and cut 1,600 jobs in North America throughout 2012 as part of its move to divide its snacks and grocery businesses.
About 40 percent of the job cuts are due to the realignment of U.S. sales, with organizations for both units in place by April 1. Twenty percent of job cuts are currently open positions.
To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net
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