More Macaroni and cheese please?... please?
Kraft, which makes brands like Oreo Cookies, Oscar Meyer, Velveeta and Jell-O, announced a second revamping yesterday, one that would eliminate 8,000 jobs, or 8 percent of the work force, and close 20 plants. The overhaul comes on top of 5,500 layoffs and 19 plant closures that were announced two years ago.
Packaged-food companies, which aim their products at ordinary shoppers, are beginning to see slower growth as consumers are choosing the convenience of eating out at restaurants or relying on take-out — while making fewer trips down grocery aisles.
When this restructuring is done in 2008, Kraft will have eliminated nearly 14,000 jobs and closed down 40 plants.
Packaged-food companies, which aim their products at ordinary shoppers, are beginning to see slower growth as consumers are choosing the convenience of eating out at restaurants or relying on take-out — while making fewer trips down grocery aisles.
When this restructuring is done in 2008, Kraft will have eliminated nearly 14,000 jobs and closed down 40 plants.
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