US chocolate maker Hershey's has announced it will be moving 10% of its operations out of the US and cutting 1,500 jobs from its global work force. The three-year restructuring plan will save Hershey's US$190 million per year.
Spokesperson Kirk Saville didn't give any real details, saying only that "Some (plants) will be expanded, some will be downsized and some will close." The company will be opening a new plant in Mexico under the plan.
Hershey's President Richard H. Lenny said: "We recognize this will involve considerable change over the next three years, and intend to make this transformation of our supply chain as smooth as possible for our employees and customers."