Kraft Foods France and its subsidiary, LU France, are to shed 170 jobs as a result of the merger of their respective commercial activities and headquarter functions.
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However, the move will also lead to 45 new jobs being created.
The job cuts do not concern staff working at the companies’ production plants.
“In a difficult economic climate, characterised by a fall in consumption, intensified competition and (downward) pressures on prices, Kraft Foods in France must strengthen its competitiveness and put a stop to the erosion in its market shares,” the company said.
Kraft acquired Danone’s Lu cookie and cracker business in 2007 in a deal worth US$7.2bn. The combined workforce currently stands at around 4,000 employees.
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