Labor & Economic News Blog

Friday, February 16, 2007

Hershey plans to cut 1,500 jobs, send work to Mexico

Hershey plans to cut 1,500 jobs, send work to Mexico
In StarTribune.com Business
HARRISBURG, PA. - The Hershey Co., whose name has been synonymous with U.S. candymaking for more than a century, is moving a bigger chunk of its production to Mexico. A day after Valentine sweethearts across the country enjoyed bags of Hershey Kisses, the company on Thursday announced a restructuring plan that will scale back its workforce by 1,500 jobs and force some plants to close. Hershey said the three-year blueprint would reduce the number of production lines by more than one-third while saving the company as much as $190 million a year.

 



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