Kraft Foods Inc., plans to axe 6,000 jobs or 6% of its staff, and close up to 20 plants over the next three years in a global turnaround plan expected to cost $1.2 billion.
Kraft Foods Inc., plans to axe 6,000 jobs or 6% of its staff, and close up to 20 plants over the next three years in a global turnaround plan expected to cost $1.2 billion.
Kraft, which reported a 6.7% decline in net profit for the fourth quarter of 2003, said the plan would help to provide consistent results in the future.