Kraft Foods

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products
6,000 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2004
Employment effect (start)
1 February 2004
Foreseen end date
1 December 2007

Description

The American group Kraft Foods, world number 2 in the food industry, announced a worldwide restructuring plan over the next three years. This programme involves the closure or selling of 20 manufacturing sites and a reduction of its workforce by 6%, i.e. 6,000 people. In a first step, only 3 production sites will be closed, 2 in the United States, 1 in Central Europe. The other closures and redundancies will take place in the next 3 years.

Sources

  • 29 January 2004: Les Echos

Citation

Eurofound (2004), Kraft Foods, Internal restructuring in World, factsheet number 59787, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59787.