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More Bad News for Cornwall Area? January 31, 2006

Posted by Binford in Other Stuff.

Kraft has a plant in Ingleside just west of Cornwall.  Hopefully this news does not affect that community:

An air of uncertainty hangs over the Canadian operations of Kraft Foods Inc. after the giant announced plans to cut 8,000 jobs and close 20 plants over the next two years as it broadens an ongoing restructuring effort.

The worldwide plant closings and layoffs, which will amount to about 8 per cent of Kraft’s workforce, would save the company $700 million (U.S.) in annual costs, executives said yesterday. That’s on top of savings of $450 million Kraft already hopes to achieve through a restructuring plan announced in January 2004.

It is still unclear how the Canadian operations will be affected, a company spokesperson said yesterday.

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