Mixed News From Hershey: Recession is Good - Closing Plants
Posted in: News & New Product Press
Hershey did not consolidate small divisions of their business, they closed 7 out of 23 plants many of which were making huge profits for this company, the Smiths Falls plant in Canada made a consistent profit for this company for 44 years that why Hershey sunk $50 million in this facility in the past 5 years.The former CEO Rick Lenny ( the hackett man that he is ) made a huge mistake and moved American and Canadian jobs to Mexico, that's why Hershey`s stocks have been in the "loo" for the past 2 years and consumer are ticked off with this company.