EMCC European Monitoring Centre on Change

Kraft Foods

Company/Organisation:
Kraft Foods

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10 - Manufacture of food products
Number Employed: 109000
Group: Kraft Foods

Employment Effects

Announcement Date: 29-01-2004
Planned Job Reductions min: 6000
Planned Job Reductions max: 6000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-02-2004
Foreseen End Date: 01-12-2007

Additional Information

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:

29-01-2004L’Echo

Sources Links:

http://www.kraft.com/default.aspx