There’s always something going on at Kraft

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. Download, copy and distribute!