Kraft Foods Inc. is expected to announce thousands of job cuts early next week as part of Chief Executive Roger Deromedi's plan to cut costs and put more muscle into marketing.
In research notes to clients, Wall Street analysts said Thursday that they expect Deromedi to reveal job cuts of up to 10 percent of its North American workforce and plant closures when he discusses fourth-quarter earnings Tuesday. article
That's 6,500 employees they're talking about.
Like dominoes they go....
Members of United Auto Workers Local 325 await word from the Ford Motor Company Monday on possible layoffs involving second shift workers at the Hazelwood assembly plant.
article
That's 1,100 jobs.
....but hey, do what you want....you will anyway.
Saturday, January 24, 2004
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