News In Brief

Eight thousand jobs, many of them in the US, will be cut by the giant food and personal care products marketing group Unilever, it announced Friday. The layoffs are the result of "redundancies" from Unilever's $20 billion acquisition last year of Bestfoods, the maker of Hellmann's mayonnaise, Skippy peanut butter, and other popular products. Unilever said the job cuts will take place over the next three years. The move also involves the closing of at least 30 factories. The British-Dutch company has dual headquarters: London and Rotterdam.

Knight Ridder said it will cut jobs at most of its 32 daily newspapers because of plunging advertising revenues and rising newsprint prices. The US's third-largest newspaper chain didn't specify how many of its 22,000 workers would be laid off. But chairman Tony Ridder said cuts will vary from paper to paper, depending on local market factors. Among the San Jose, Calif.-based group's publications are the Philadelphia Inquirer, the Detroit Free Press, the San Jose Mercury News, and the Miami Herald.

(c) Copyright 2001. The Christian Science Monitor

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK