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| Tuesday, 7 May, 2002, 17:54 GMT 18:54 UK Hershey to sell candy brands ![]() Hershey's January-March profits were up 10% this year The mood in the town of Hershey, Pennsylvania - home and namesake of Hershey, the maker of America's top-selling chocolate bar - has recently turned sour. Hershey on Monday said it planned sell some of its non-chocolate confectionery brands, including the Wunderbeans and Chuckles product lines. The disposals form part of a wider shake-up which has triggered labour disputes with employees who fear job losses. The 2,800 workers at the Hershey Factory have gone on strike over wages and health insurance benefits. New approach The business and the town were established by the socially progressive entrepreneur William Hershey early last century.
However in the 21st century new tough management, headed by chief executive Richard Lenny, has taken over. The company is firmly dedicated to boosting profits and, the workers claim, reducing jobs and benefits. The new strategy has seen some success, with profits for the January to March period rising 10% this year. Jobs for profits? Bruce Hummel, head of Hershey's union branch - called Chocolate Local 464 - described the factory as having a "family atmosphere" in the past. "But now they are bringing in people like Richard Lenny whose track record is to consolidate and eliminate jobs and basically line his pockets," Mr Hummel told the BBC's World Business Report. "The whole air about him is the fact that he is just corporate greed," he added. Hershey was unavailable for a comment when contacted by WBR. Hershey also produces Hershey's Chocolate Kisses and Reese's Peanut Butter Cups. |
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