Hershey global cuts expected at 15 percent
Hershey says it expects to cut its global workforce by about 15 percent, with the reductions coming mostly from hourly employees outside the United States.
The Pennsylvania-based maker of Reese’s, Kit Kat and Twizzlers also cut its long-term sales growth forecast to between 2 percent and 4 percent, down from the previous 3 percent to 5 percent. Hershey, which gets the majority of its revenue from North America, attributed the lowered expec
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