Kraft Foods to Lay Off 1,600

Discussion in 'Economy' started by Nova78, Apr 13, 2012.

  1. Nova78
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    Nova78 Silver Member

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    The Downward Spiral: Kraft Foods to Lay Off 1,600

    Kraft Foods has announced it will lay off 1,600 North American workers as it readies to split the company in two.

    Nearly 40% of cuts to headcount will come from the U.S. salesforce and corporate arm over the next 12 months.
    That's an awful lot of jobs cuts. So how do you think they'll corporate FlackSpeak their way out of this one?

    "When we announced our decision to create two world-class companies last August, we said both would be leaner, more competitive organizations," CEO Irene Rosenfeld said. "For the past year, the North American team has been working to streamline operations to deliver sustainable top-tier performance and continue to invest in our iconic brands. We're confident that this transformational work will improve effectiveness and fuel the future growth of both companies."

    Question: How do you tell when a CEO is lying?

    Answer: when you see her lips move.
     
  2. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Hope they keep making that mac and cheese stuff. I love it.
     
  3. Nova78
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    Nova78 Silver Member

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    Yea all you need is a little milk to make it,and it is cheap , you can add chopped up hot dogs or spam if you need to stretch your dollars:mm:
     
  4. Trajan
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    Trajan conscientia mille testes

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    they've been a pretty steady performer....I just checked their stock hist....3 years ago 22, now 37 up by 4-6% every year.....3% plus dividend every year...

    the new normal, thx Obama.
     

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