Kraft Foods to axe 1,600 jobs

[OhioChick]

18 Jan, 2012, 01.43AM IST, AFP

NEW YORK: US giant Kraft Foods said Tuesday it would slash 1,600 jobs in North America this year ahead of a move to split its businesses into two separate entities.

"When we announced our decision to create two world-class companies last August, we said both would be leaner, more competitive organizations," said Irene Rosenfeld, Kraft chairman and chief executive, in a statement.

The job cuts will touch operations in the United States and Canada, a big chunk of them in sales and corporate operations. Twenty percent of the positions are currently vacant anyway, Kraft said.

The cuts do not include manufacturing facilities, the company said, while suggesting that sector could be affected later.

http://economictimes.indiatimes.com/news/international-business/kraft-foods-to-axe-1600-jobs/articleshow/11530710.cms

[RKP5637]

1. Those sitting lofty in marketing, sales and corporate positions will be finding

as the bottom falls out of the rest of the country for many so will their positions. I've worked in management in many corporations and seen the same pattern.

And costs continue to rise as wages fall.

[mindwalker_i]

2. Is this the velveeta revolution?

[Javaman]

3. first they came for my Twinkies and I did nothing...nt