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Kraft To Open Two Chicago HQs in Split

NORTHFIELD, IL-The company is breaking in two for snack and grocery businesses, which will each headquarter in Chicagoland, with locations possibly revealed by the end of the month.

By Robert Carr | Updated on January 18, 2012

NORTHFIELD, IL-It’s a big announcement – locally based Kraft Foods revealed Tuesday that it plans to lay off about 1,280 people, remove another 320 positions and close at least one office in Glenview, IL. The moves are part of the company’s plan to split this year into two entirely separate companies, but in contrast to the recent Aon departure announcement, both the Kraft snacks company and grocery firm will remain in the Chicago area.

The company, which had revenue of $49 billion in 2010, employs about 125,000 people worldwide, and about 46,000 people in the United States and Canada. The firm grew from a door-to-door cheese business started by James Kraft in Chicago in 1903, acquiring scores of companies along the way. It’s most recent purchase was Uxbridge, England-based Cadbury for $19.5 billion, a move that some believe set back Kraft’s business.

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