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Nabisco to cut 8 percent of workforce in restructuring
RJR Nabisco said Nabisco Holdings will reduce payroll by 4,200 jobs from 54,000 as it restructures to boost earnings. No plants will close, and cuts will hit U S and international operations across management, sales and production. Shares moved little as analysts noted the move but questioned its autonomy impact.
MENTIONED IN THIS ARTICLE
Trenton
Nabisco Holdings
RJR Nabisco
Wall Street
RJR
Nabisco
U.S
Mana Mt
Proion
Hank Sandbach
Snackwells
John M. McMillin
Prudential Securities Research
New York