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KRAFT TO CUT 1,000 JOBS

Consumer foods giant Kraft Foods said Friday it plans to eliminate 1,000 jobs from its work force of 117,000 through voluntary retirements based on increased benefits.

The nation's largest food company with brands like Maxwell House coffee, Oscar Mayer meats and Post cereals said the reductions are part of its continuing integration of Nabisco, the maker of Ritz crackers, Chips Ahoy cookies and Planters nuts which it acquired last December.

Kraft said the voluntary program will be offered to certain U.S. salaried employees.

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