Heinz to cut 600 jobs after company sale
H.J. Heinz Co said on Tuesday it plans to eliminate 600 jobs across North America following the $28 billion sale of the world's largest ketchup maker to Warren Buffett's Berkshire Hathaway Inc and private equity firm 3G Capital earlier this year.
“Our new organizational structure will simplify, strengthen and leverage the company's global scale, while enabling faster decision making, increased accountability, and accelerated growth,” said Michael Mullen, a Heinz senior vice president.
The eliminated positions are all white collar jobs, with 350 layoffs to take place in Pittsburgh, where the company plans to remain headquartered. The cuts follow a June management shakeup that saw 11 top executives leave the company.
After the cuts are complete, the company will still employ about 6,000 people across North America, including 800 around Pittsburgh.
source: Heinz to cut 600 jobs - chicagotribune.com
H.J. Heinz Co said on Tuesday it plans to eliminate 600 jobs across North America following the $28 billion sale of the world's largest ketchup maker to Warren Buffett's Berkshire Hathaway Inc and private equity firm 3G Capital earlier this year.
“Our new organizational structure will simplify, strengthen and leverage the company's global scale, while enabling faster decision making, increased accountability, and accelerated growth,” said Michael Mullen, a Heinz senior vice president.
The eliminated positions are all white collar jobs, with 350 layoffs to take place in Pittsburgh, where the company plans to remain headquartered. The cuts follow a June management shakeup that saw 11 top executives leave the company.
After the cuts are complete, the company will still employ about 6,000 people across North America, including 800 around Pittsburgh.
source: Heinz to cut 600 jobs - chicagotribune.com
