Kraft Foods
ORG
Kraft Foods Kraft
Kraft Foods took another cut out of its overhead, saying it would eliminate another 8,000 jobs and about 20 more factories. The reductions came after Kraft pared 5,500 jobs and shut 19 plants in a previous cost-cutting campaign. Its revenue rose 10 percent in the last quarter, to $9.7 billion, and its profit increased 28 percent, to $773 million. Its problem is that sales growth is slowing and its profit margin is shrinking.