Hershey lags so far behind its international competitors, that it was no surprise when it announced Tuesday it would slash 15% of its workforce, mostly outside the U.S., to amp up profitability. Internationally, the Hershey, Pa.-based chocolate maker has been losing market share to such rivals as Mondelez , owner of Cadbury confectionery, and privately held Ferrero and Nestle .
Category: South America Travel
Low-Cost Airline Wannabe Has Plan for Costly Argentina
The serial airline entrepreneur trying to launch Argentina’s first low-cost carrier is betting the government will deregulate the industry enough to make his venture viable. And if it doesn’t, he’s got a back-up plan.