Another sign of rough times...

Bryan Schwegler · Post by **Bryan Schwegler** » Mon Jan 28, 2008 8:29 pm

Hershey is increasing candy prices 13%:

http://www.msnbc.msn.com/id/22882731/

Stephen Eisel · Post by **Stephen Eisel** » Mon Jan 28, 2008 9:06 pm

The Hershey Co. defended the move, saying it is more exposed to the rising cost of milk and cocoa than its competitors, which include Mars and Nestle.

sharon kinsella · Post by **sharon kinsella** » Mon Jan 28, 2008 9:19 pm

Plus they have to pay higher gas prices coming from Mexico.

Joe Whisman · Post by **Joe Whisman** » Tue Jan 29, 2008 8:56 am

I hope they are giving their child laborers a raise. A few percent should go to the cocoa and dairy farmers. I would bet this is about gas prices.

Dee Krupp · Post by **Dee Krupp** » Tue Jan 29, 2008 2:13 pm

sharon kinsella wrote:Plus they have to pay higher gas prices coming from Mexico.

What are you talking about?

sharon kinsella · Post by **sharon kinsella** » Tue Jan 29, 2008 2:43 pm

Haven't read about it Dee - Hershey's is moving out of Hershey, Pa. and going to Mexico.

Yep - the "All American Chocolate Bar"?

Dee Krupp · Post by **Dee Krupp** » Tue Jan 29, 2008 3:57 pm

No, I didn't. That really bites.

Brian Pedaci · Post by **Brian Pedaci** » Tue Jan 29, 2008 4:41 pm

sharon kinsella wrote:Haven't read about it Dee - Hershey's is moving out of Hershey, Pa. and going to Mexico.

Yep - the "All American Chocolate Bar"?

That's a gross overstatement. They did unfortunately shift work out of the US and Canada to Mexico, screwing thousands of workers in the process, but they did not leave Hershey, Pa completely, as you imply. They did close a plant in California, though.

sharon kinsella · Post by **sharon kinsella** » Tue Jan 29, 2008 4:52 pm

Brian -

The move is on.

Less overhead, more profit, bye bye US.

Valerie Molinski · Post by **Valerie Molinski** » Tue Jan 29, 2008 5:02 pm

Globalization is not entirely a bad thing.

The World Is Flat

sharon kinsella · Post by **sharon kinsella** » Tue Jan 29, 2008 5:08 pm

What I meant was they will probably follow with more cuts. They've moved a lot out of Canada and over 650 jobs were slated to moved out of Hershey.