Hershey Plans Layoffs Because Its International Footprint Is Far From Sweet
Hershey will cut 15% of its workforce to amp up its profitability.
As Hershey (HSY) - Get Report continues to lag behind competitors including Mondelez (MDLZ) - Get Report and Nestle (NRGY) , it plans to cut 15% of its workforce to up its profitability. Hershey depends on its North American customer base with only 30% of its revenues coming from outside the U.S. and Canada.
READ THE FULL STORY HERE: Hershey, With Scant Global Traction, to Cut 15% of Workforce
This article was written by a staff member of TheStreet.
