At Kraft Foods:
Kraft Foods plans to cut 1,600 positions in the U.S. and Canada this year as it prepares to split into two companies, the Northfield-based packaged food giant announced Tuesday.
Representing 3.4 percent of Kraft’s North American 46,500 employees, the positions are primarily in sales, corporate and its business units, as the company plans to close three corporate offices.
Sears and K-Mart, up from 80 store closing from last month:
Sears Holdings on Tuesday reported a sharp drop in holiday sales compared to a year ago, and said the results will force it to close 100 to 120 Sears and Kmart stores.
The stores to be closed have yet to be identified. The company is one of the nation’s largest retailers with more than 4,000 stores in the United States and Canada.
