Kraft Layoffs Continue
Kraft Foods is discontinuing its nationwide private truck fleet, resulting in the elimination of around 285 total jobs by the end of 2014.
“We plan to use contract and other commercial carriers to handle the volume of our fleet,” said Joyce Hodel, Kraft spokesperson, in an interview with The Morning Call. “This is part of our broader integrated supply chain focus on supplier integration, to use the scale and capabilities of our strategic supplier partners.”
The private fleet moves products and materials across Kraft’s network of plants and distribution centers, all over the country. Now, someone else will have to
People will be let go in three phases with the first phase is set to take place in June. Kraft Foods owns numerous and well known food brands including Jell-O, Cracker Barrel cheese, Kook-Aid, Maxwell House, Oscar Mayer, Miracle Whip, Velveeta and Planters, among many others. This will be a decent size loss for the company, investors may jump ship in the weeks to come.
Kraft Foods is one of North America’s largest consumer packaged food and beverage companies, with annual revenues of more than $18 billion. The Lehigh Valley facility, with about 400 jobs, also makes A.1. Steak Sauce and Grey Poupon mustard. With such a revenue stream, sources believe that Kraft is cutting losses.