OTHER NEWS - May 6, 1992

Kraft to Cut 1,000 Salaried Jobs: Kraft General Foods Inc. said it will cut 1,000 salaried jobs from its U.S. operations to reduce costs and boost profits at a time of intense food price competition. The giant food maker said it offered early retirement to 1,200 employees and expects most of the job reductions to come through that program and attrition. Some jobs may be eliminated outright to reach the target, said a spokesman at the company’s Glenview, Ill., headquarters near Chicago. The cuts will reduce Kraft’s salaried work force in North America by about 5%. Kraft, a subsidiary of Philip Morris Cos. Inc., employs 20,600 salaried and 51,400 hourly workers in North America.