Kraft Closing Glenview Center, Sticking with Headquarters in Northfield
The grocery and snack giant is currently undergoing a major restructuring including a Glenview closure, more jobs in Northfield and a new snack division based in Deerfield.
Earlier this year, Northfield-based Kraft announced it was axing 1,600 jobs throughout North America and intends to shut down its Glenview management center by the end of 2013.
While that’s not good news for Glenview, officials in Northfield say they expect the Northfield campus to grow, according to Glenview Announcements. Additionally, as part of Kraft’s restructuring, a Deerfield facility will serve Mondelez International Inc., a new snack products arm (including favorites like Oreo).
The company’s North American grocery business will keep the Kraft name and its headquarters on a 73-acre property at Willow and Waukegan roads, bordered by Northbrook to the west and Glenview to the southwest. Kraft will also keep its research and development center in Glenview, the article explained.
According to Glenview Announcements, officials estimate between 500 to 600 jobs will be transferred to the Northfield site—where the company has been headquartered for 23 years. Most of these jobs will come from the Glenview facility, while families moving from out-of-state will comprise a small percentage, Glenview Announcements reports.
Glenview officials are hoping the site will not become vacant and are eager to see the land redeveloped by Kraft or potentially used as retail space with additional sales tax revenue attached, the story explained.
To read the full story including more about how Kraft’s restructuring may affect property taxes, regional purchasing power and more, click here.