There's always something going on at Kraft

02-04-2012

Chief financial Officer David Brearton confirmed on February 21 that Kraft’s enormous debt would be put on the grocery division as Kraft takes a “clean sheet approach as we set up lean corporate structures”. They call this ‘migration’... The following day, Kraft notified the US Securities and Exchange Commission that CEO Rosenfeld took home nearly USD 22 million in 2011. Kraft may be running out of room to grow revenue through raising prices. And the company has a new name to propose for the internatinal snacks division. There's always something going on.

What does it all mean for workers? Read the latest Kraft Union Network bulletin here. [1] Download, copy and distribute!

The International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers' Associations (IUF) is an international federation of trade unions representing workers employed in agriculture and plantations; the preparation and manufacture of food and beverages; hotels, restaurants and catering services; all stages of tobacco processing. The IUF is composed of 394 affiliated organizations in 126 countries representing a combined membership of around 2,6 million.

How to contact the IUF:
Email: [email protected]
Post: Rampe du Pont-Rouge, 8, CH-1213, Petit-Lancy (Switzerland)
Phone: + 41 22 793 22 33
Fax: + 41 22 793 22 38

Links:
[1] http://cms.iuf.org/sites/cms.iuf.org/files/Kraft tUnion Network 28032012.pdf