Spotlight: Mondavi to Cut Staff, Refocus on Core Brands

Oakville-based winery Robert Mondavi Corp. said it would fire 4% of its work force and take a $6-million charge in its fiscal second quarter as the maker of premium-priced wines cuts costs to increase its competitiveness. The charge, which amounts to 23 cents a share, will be taken in the quarter ended Dec. 31. The company is expected to earn 63 cents a share in the fiscal second quarter. The job cuts, 36 in all, are part of a plan to refocus the company on its core brands.