Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Kraft To Lay Off 1,600 In 2012

NORTHFIELD, Ill., Jan. 17 (UPI) — Kraft Foods said Tuesday it would lay off 1,600 workers in in North America in 2012 to position the company for splitting up its grocery and snack operations.

The layoffs are scheduled “to help ensure its North America-based snacks and grocery businesses are well-positioned to become two independent public companies before the end of 2012,” the company said in a statement.

“When we announced our decision to create two world-class companies in late August, we said both would be leaner, more competitive organizations,” Kraft Chairman and Chief Executive Officer Irene Rosenfeld said in a statement.

“We’re confident that this transformational work will improve effectiveness and fuel future growth of both companies,” she said.

As part of the new strategy, after the spin off, Kraft said it would eliminate two and keep two of its four U.S. management centers.

The firm’s Beverages business unit will move from Tarrytown, N.Y. and the Planters brand will move from East Hanover, N.J., the firm said. Both are headed to the metropolitan Chicago area by the end of the year.

Most employees affected by the move will be offered a chance to relocate and stay with the company, the statement said.

In addition, Kraft said it would close its Glenview, Ill., management center by the end of the year.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Kraft To Lay Off 1,600 In 2012”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.