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Hershey to cut 1,500 jobs, build plant in Mexico

 
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Patriot
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Joined: 10 Jan 2006
Posts: 471
PostPosted: Thu Feb 15, 2007 12:57 pm    Post subject: Hershey to cut 1,500 jobs, build plant in Mexico Reply with quote
Quote:
CHICAGO, Feb 15 (Reuters) - Hershey Co. will cut 1,500 jobs, or about 11 percent of its work force, and reduce the number of production lines it operates by more than a third as it spends up to $575 million to overhaul its manufacturing, the company said on Thursday.

The largest U.S. chocolate maker also said it would outsource production of some products and would build a cost-efficient manufacturing plant in Monterrey, Mexico.



http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2007-02-15T162813Z_01_N15236446_RTRIDST_0_HERSHEY-UPDATE-2.XML&rpc=66&type=qcna

Sad.

Patriot
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butterbean



Joined: 21 Jun 2006
Posts: 2269
PostPosted: Sat Feb 17, 2007 8:51 am    Post subject: Reply with quote
I will never buy their chocolate again.
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