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Author: wealthdivawannab Big red star, 1000 posts Old School Fool Ticker Guide CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 255  
Subject: Earnings Preview: Hershey Co. Date: 4/18/2007 9:33 AM
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This article is a good "refresher" for all the changes recently made and coming and possibly coming....

Hershey Co. reports earnings for the fiscal first quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.

OVERVIEW: Hershey, Pa.-based Hershey Co. began the year by announcing a major restructuring in an attempt to refocus on its core brands and on growing globally.

In February, the company said it would begin a three-year plan to cut the number of production lines by one-third to save as much as $190 million a year.

Hershey plans to cut 1,500 jobs and shift some production work in Pennsylvania to domestic contractors and to a plant planned in Mexico.

Union workers at two Hershey factories in the company's namesake town accepted a tentative agreement that would cut 650 jobs there but would keep open the two plants where they work.

Later in the quarter, analysts questioned whether an acquisition deal would be announced between Hershey and Cadbury Schweppes PLC for the British company's confectionary arm....Most analysts, however, rejected a deal involving Cadbury acquiring Hershey, saying it would most likely be blocked by the state of Pennsylvania....


http://money.aol.com/news/articles/_a/earnings-preview-hershey-co/n20070417192909990007

JB

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