Hershey expects to cut 15 percent of global workforce

The job cuts, which could come to about 2,700 workers, are part of Hershey's plan to improve its operating profit margin over the next three years, and the company said it will share more details on the measures in the future.

[...] Hershey has been trying to transform its portfolio of products to better take advantage of that behavior, particularly as people look for snacks that promise some sort of nutritional benefit.

Hershey is expecting pretax charges of up to $425 million over the next three years as a result of its plan to improve the operating margin, which includes the costs of closing plants and offices and other expenses related to job cuts.