In the spotlight: Kraft puts "lean, mean machine" in motion
By: Michelle Russell | 20 January 2012
Kraft Foods, which plans to split in two by the end of the year, this week outlined the first impact of the move when it announced plans to cut 1,600 jobs in North America. Analysts believe the split allows the US food giant to accelerate efforts to cut costs and boost margins from the new grocery business. Michelle Russell reports.
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Kraft Foods, which plans to split in two by the end of the year, this week outlined the first impact of the move when it announced plans to cut 1,600 jobs in North America. Analysts believe the split allows the US food giant to accelerate efforts to cut costs and boost margins from the new grocery business. Michelle Russell reports.
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