NEW ULM — The New Ulm Kraft Foods plant will lose an estimated 90 jobs under a restructuring plan that takes effect next year.

Company officials said the move could result in the loss of 80 fulltime hourly positions and 10 salaried positions.

A Kraft representative said it will be another few months before the company how many employees are affected.

The move includes a $25 million investment in new equipment and infrastructure at the plant. Kraft has been in New Ulm since 1955 and employs 555 people at the plant.