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New Ulm Kraft Plant to Lose 90 Jobs

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NEW ULM  (AP) – The New Ulm Kraft Foods plant will lose an estimated 90 jobs under a restructuring plan that takes effect next year.

Company officials say the move could result in the loss of 80 fulltime hourly positions and 10 salaried positions.

A Kraft representative says it will be another few months before the company how many employees are affected.

The move includes a $25 million investment in new equipment and infrastructure at the New Ulm plant.

Kraft has been in New Ulm since 1955 and employs 555 people at the plant.

(Copyright 2012 by The Associated Press.  All Rights Reserved)

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