Kraft Foods to cut 1,600 jobs in North America
NORTHFIELD, Ill. — Kraft Foods announced on Tuesday that it will cut approximately 1,600 jobs in North America throughout 2012, according to a press release.
The job cuts are the result of the company’s decision to split its North America-based snacks and grocery businesses into two independent public companies.
"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, chairman and CEO. "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."