Pennsylvania-based candy company Hershey said it will cut about 300 jobs by the end of 2015.
“Removing cost and complexity from our business will make us more flexible to quickly react to changing consumer and competitive marketplace trends,” said John P. Bilbrey, chairman, president and CEO of The Hershey Company. “We are confident these changes will extend our position as a global confectionery leader and create a Hershey that is even more innovative, entrepreneurial and better positioned to continue to deliver sustainable, profitable growth in an ever-changing marketplace for the long-term benefit of all of our stakeholders.”