Schofield to step down at Premier Foods
Shares in Premier Foods leapt on Thursday after Robert Schofield said he would step down as chief executive of Premier Foods, the food producer he effectively created and then shrank as it crumbled under the weight of its own debt.
NORTHFIELD, Ill. A spokesman says Kraft Foods is slated to announce layoffs in its North American operations, a cost-cutting move that could result in the loss of several hundred jobs.