Hershey Co. could cut 15 percent of its global hourly workforce, primarily outside the United States.
The Pennsylvania-based company says chief executive Michele Buck will have more to say on the plan when she briefs analysts in New York on Wednesday.
In a statement on Tuesday, the marketer of Hershey chocolate bars and other candies said the layoffs are part of a program designed to improve the operating profit margin through a streamlined operating model and reduced administrative expenses.
Hershey operates eight factories outside the U.S. As of December, Hershey employed approximately 16,300 full time and 1,680 part-time employees worldwide.
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