Kraft announces plans to cut 8,000 jobs, close up to 20 plants

[elehhhhna]

Food manufacturer Kraft announces plans to cut 8,000 jobs, close up to 20 plants
By MIKE COLIAS Associated Press Writer

(AP) - CHICAGO-Kraft Foods Inc., the largest U.S. food manufacturer, said Monday it would eliminate 8,000 jobs and close up to 20 production plants as it broadens an ongoing restructuring effort.


Kraft said the cuts would save an additional $700 million (€579 million) in annual costs, atop a targeted $450 million (€372.5 million) in savings it already had hoped to achieve through a restructuring that began in 2004.

http://news.findlaw.com/ap/o/51/01-30-2006/fbd6000354c5f976.html

[babylonsister]

1. Yup, the economy is just humming along! nt

[kentuck]

4. Yep, best economy ever....

and 30,000 lose their jobs at Ford?

[SpiralHawk]

2. Cheeze Whiz, that sucks. Cut the Velveeta

and retain the jobs. Make real food, not chem-soaked genetically mutant crap "food product", and Kraft would have plenty of jobs.

[Doctor_J]

3. Damned mean of them to announce this on SOTU day

emporer will be pissed.

[calico1]

5. Are they going to make the Velveeta in

China or India now?

Things are just great aren't they? Good thing the pretzeldent is going to make a cheery, upbeat speech. There is so much positive news!:eyes:

[tanyev]

6. Well, they could make that stuff in Siberia and transport it by mule train

and it wouldn't affect it at all. Aren't chemicals grand?

[Cocoa]

7. worker conditions are terrible

the Velveeta mines in China are notorious.

[dogday]

8. And Add to that the 5,000 jobs Dell will

be outsourcing to India and we are looking at 13,000 jobs total alone for the month of Jan 2006. Yes, the SOTU speech will no doubt let us know how well the economy and job situation is...