Tim Tam maker Arnott's loses 50 jobs in first cuts since KKR buyout

HONG KONG/SYDNEY (Reuters) - Arnott's, maker of Tim Tam biscuits and other snacks, is shedding about 50 staff, a representative told Reuters, the first such cuts since U.S. private equity firm KKR & Co Inc bought one of Australia's best-known brands last year.Arnott's, which also makes Monte Carlo, Mint Slice and SAO biscuits, had made management changes which meant "a small number of employees will be departing our business", a spokeswoman said, without disclosing which positions were being..