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Kraft To Cut 1,600 Jobs In North America (NYSE: KFT)
As Kraft Foods Inc. prepares to split its business in two, the company plans to cut 1,600 positions in North America. The company plans to eliminate the positions throughout the U.S. and Canada throughout the next year. Kraft has around 127,000 employees worldwide, with around 46,500 based in North America.
Most of the position eliminations will come from the company’s sales, corporate, and...