Info On Kraft Layoffs 21 Jan 12

Kraft Foods has announced that it will be restructuring it’s business, but details on where the company will be cutting jobs remain unclear. Kraft announced last August that it would split into two companies — a global snacks business and a North American grocery business, and that it plans to cut 1,600 positions in North America and consolidate offices as it prepares to make the split. About 40% of the job cuts are reportedly due to the realignment of Kraft’s US sales, with organizations for both units in place by April 1st. Kraft officials say that 20% of the job to be cut are currently open positions, and that workers at manufacturing facilities are safe for now.