VivirLatino

This day after Valentine’s Day, many of us may be indulging in chocolate sweetness given to us by our sweetie. 1,500 employees of Hershey Co. are likely cursing the confection since today the company announced that their jobs will be cut. In addition to the cuts, The largest U.S. chocolate maker also said it was planning to build a manufacturing plant in Monterrey, Mexico and outsource some jobs to that plant.

The moves come as the company looks to free up more money to spend on marketing as it tries to regain lost market share from archrival Mars Inc. The overhaul is expected to reduce annual costs by $170 million to $190 million by 2010, it said.

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