Hershey restructuring could cut 15 percent of workforce

Hershey Co. could cut 15 percent of its global hourly workforce, primarily outside the United States.The Pennsylvania-based company says chief executive Michele Buck will have more to say on the plan when she briefs analysts in New York on Wednesday. In a...

 Hershey restructuring could cut 15 percent of workforce

Hershey Co. could cut 15 percent of its global hourly workforce, primarily outside the United States.

The Pennsylvania-based company says chief executive Michele Buck will have more to say on the plan when she briefs analysts in New York on Wednesday.

In a statement on Tuesday, the marketer of Hershey chocolate bars and other candies said the layoffs are part of a program designed to improve the operating profit margin through a streamlined operating model and reduced administrative expenses.

Hershey operates eight factories outside the U.S. As of December, Hershey employed approximately 16,300 full time and 1,680 part-time employees worldwide.

 

 

Our editors found this article on this site using Google and regenerated it for our readers.

You need to login to comment.

Please register or login.

RELATED NEWS