Kraft Foods to cut 1600 jobs

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Tuesday, January 17, 2012

Kraft Foods plans to cut 1,600 jobs in North America ahead of plans to split into two companies.

Kraft, the world’s second-largest food company, is splitting up to help the snacks business push products into emerging markets.
Full-year profit excluding some items probably rose to at least $2.28 a share, Kraft said in a separate statement. The average estimate of 19 analysts surveyed by Bloomberg was $2.29.

Read more at Bloomberg.

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