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Another sign of rough times...
Posted: Mon Jan 28, 2008 8:29 pm
by Bryan Schwegler
Hershey is increasing candy prices 13%:
http://www.msnbc.msn.com/id/22882731/
Posted: Mon Jan 28, 2008 9:06 pm
by Stephen Eisel
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.
Posted: Mon Jan 28, 2008 9:19 pm
by sharon kinsella
Plus they have to pay higher gas prices coming from Mexico.
Posted: Tue Jan 29, 2008 8:56 am
by Joe Whisman
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.
Posted: Tue Jan 29, 2008 2:13 pm
by Dee Krupp
sharon kinsella wrote:Plus they have to pay higher gas prices coming from Mexico.
What are you talking about?
Posted: Tue Jan 29, 2008 2:43 pm
by sharon kinsella
Haven't read about it Dee - Hershey's is moving out of Hershey, Pa. and going to Mexico.
Yep - the "All American Chocolate Bar"?
Posted: Tue Jan 29, 2008 3:57 pm
by Dee Krupp
No, I didn't. That really bites.
Posted: Tue Jan 29, 2008 4:41 pm
by Brian Pedaci
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.
Posted: Tue Jan 29, 2008 4:52 pm
by sharon kinsella
Brian -
The move is on.
Less overhead, more profit, bye bye US.
Posted: Tue Jan 29, 2008 5:02 pm
by Valerie Molinski
Globalization is not entirely a bad thing.
The World Is Flat
Posted: Tue Jan 29, 2008 5:08 pm
by sharon kinsella
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.