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Kraft Foods Announces Latest Steps in Latin America Consolidation.


Business Editors

NORTHFIELD, Ill.--(BUSINESS WIRE)--Nov. 30, 2001

Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA.

The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for
 Inc. (NYSE NYSE

See: New York Stock Exchange
: KFT KFT Korlátolt Felelõsségû Társaság (Hungarian: limited liability corporation)
KFT Kraft Foods International (stock symbol)
KFT Kilo-Feet
KFT Kung Fu Tzu (Confucius) 
), a global leader in branded foods and beverages, today announced plans by the Kraft Foods International business to close two Latin American manufacturing plants and consolidate other operations within the region as part of the ongoing integration of the Kraft and Nabisco businesses.

The former Nabisco plants to be closed are located in Guatemala City, Guatemala and San Jose, Costa Rica. The Guatemala plant will close effective November 30th, while the San Jose, Costa Rica plant will continue production until April 30, 2002. Production from both facilities, which primarily consists of dry mix, baking powder and ready-to-eat gelatin gelatin or animal jelly, foodstuff obtained from connective tissue (found in hoofs, bones, tendons, ligaments, and cartilage) of vertebrate animals by the action of boiling water or dilute acid. , will shift to Kraft's other plant in San Jose, Costa Rica. Approximately 120 employees will be affected by these plant closures.

Kraft also announced the consolidation and restructuring of other Latin American production facilities. Production of dry mixes for the Andean area will be consolidated at Kraft's plant in Cali, Colombia; LifeSavers candy production will move from Barquisimeto, Venezuela to San Jose, Costa Rica; and snacks production at the Trinidad facility will shift to Kingston, Jamaica. In addition, Kraft will downsize Downsize

Reducing the size of a company by eliminating workers and/or divisions within the company.

Notes:
When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability.

It is sometimes referred to as trimming the fat.
 two cashew cashew (kăsh`, kəsh`), tropical American tree (Anacardium occidentale  facilities in Brazil and a grocery manufacturing plant in Valencia, Venezuela. The consolidation and restructuring of these facilities will result in an aggregate reduction of approximately 420 employees.

"These difficult decisions are a necessary part of the ongoing integration of our Kraft Foods and Nabisco operations," said Joachim Krawczyk, President of Kraft's Latin America Region. "Our goal is to accomplish these organizational changes with minimal disruption to the business and maximum sensitivity to those involved. Our affected employees will receive comprehensive and fair separation packages, as well as job search assistance."

Kraft Foods is the largest branded food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods.  company headquartered in the United States and the second largest worldwide. Kraft Foods markets many of the world's leading food and beverage brands - - including Kraft cheese, Jacobs and Maxwell House coffees, Nabisco cookies and crackers, Philadelphia cream cheese, Oscar Mayer meats, Post cereals, and Milka chocolates - - in more than 140 countries.

Kraft Foods Inc. is headquartered in Northfield, IL. Its international operating unit operating unit

A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon
, Kraft Foods International, and its Latin America Region, are headquartered in Rye Brook, NY. For more information on Kraft Foods, please visit our website at www.kraft.com.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 2001
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