Kraft says it may cut hundreds of jobs at North American operations

CHICAGO Kraft Foods will be announcing closings to operations at many of its plants in North America, the company has said. Kraft has said that the move will be undertaken in an attempt to cut overhead, and will result in the termination of several hundred jobs.

Sources said that this will affect about one percent of the company’s work force in  North American. The cuts will happen across the United States and potentially at plants in Canada, too, a spokesman from Kraft told the media.

At the close of last year, Kraft employed 41,000 in the United States and the Canadian press has reported that about 7,000 people are currently employed by Kraft in Canada.