Kraft Foods to Eliminate 8,000 Jobs

[Insider]

By MIKE COLIAS, AP Business Writer
Mon Jan 30, 6:00 PM ET

CHICAGO - Kraft Foods Inc., the nation's largest food manufacturer, said Monday it would eliminate 8,000 more jobs, or about 8 percent of its work force, and close up to 20 production plants as it broadens an ongoing restructuring effort.

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

MORE
http://news.yahoo.com/s/ap/20060130/ap_on_bi_ge/kraft

[Minuteman]

Yup. In this booming American economy we can't afford to make fucking food.

[earthspirit]

Minuteman wrote:
Yup. In this booming American economy we can't afford to make fucking food.

We can't afford to prepare and package GOOD FOOD!

[LaDominio]

Culling off the poultry supply because of 'bird flu', and now this. Maybe they want us hungry.
A starving man would do anything for a sandwich, no?

[earthspirit]

Insider wrote:
By MIKE COLIAS, AP Business Writer
Mon Jan 30, 6:00 PM ET

CHICAGO - Kraft Foods Inc., the nation's largest food manufacturer, said Monday it would eliminate 8,000 more jobs, or about 8 percent of its work force, and close up to 20 production plants as it broadens an ongoing restructuring effort.

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

MORE
http://news.yahoo.com/s/ap/20060130/ap_on_bi_ge/kraft

Does the restructuring have anything to do with robotics? or Anything along the line of more automation, less personnel??