The UK company Premier Foods is preparing to eliminate 600 jobs. The announcement comes amidst a recent change in management. The new CEO, Michael Clarke, says the cost-cutting measure is the right decision for long term success of the business. Premier is also talking to banks about refinancing. The company will begin new TV advertisements next month, with marketing spend for 2012 at an estimated £41m, just over double from last year.
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Cost-cutting sees Premier Foods set to axe 600 jobs