Tuesday, March 24, 2009

Mission District Hershey's Plant Threatened with Closure, While The Co. Increases Profits

So while there's talk and real fear of the Hershey's chocolate plant closing in the Mission District on 16th & Folsom, laying off over 100 local workers..."Hershey's profits rise as economy slumps"

The following is an excerpt from a news report that came out back in January talking about the banner year that Hershey's is having despite the economic crises.

"The company reported Tuesday that 2008 sales reached $5.13 billion, up 3.8 percent from its $4.95 billion in 2007. The company also was more profitable in 2008, making $311 million, compared with $214 million in 2007.

"Most food companies in 2008 did well," said Christopher Shanahan, a research analyst with Mountain View, Calif.-based Frost & Sullivan. "Hershey was definitely one of the leaders."

Hershey Co. CEO and President David J. West said the financial numbers show the company's strategy is working."

Peep out these links on how the French are getting down and radical: "United against the crisis, defend employment, spending power and public services."

French workers take manager hostage over job cuts

BBC News Video of People Taking to the Streets

1 comment:

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