Wednesday, August 12, 2015

Merger leads to layoffs at Kraft-Heinz

First came the merger between Kraft and Heinz. Now come 2,500 layoffs, 700 of them at Kraft Foods head office in Chicago.

Those offices will move from the suburbs to smaller space in the downtown.

The new owners – Berkshire Hathaway and 3G Group – said after they bought both companies that they aim to reduce costs by $1.5 billion by the end of 2017.

Another 150 will be cut when a new $114-million hot dog plant for Oscar Mayer opens in Columbia, Missouri.


Heinz closed its ketchup plant in Leamington a couple of years ago.

Ah, but when politicians merge municipalities, as has happened on a grand scale in Ontario, it seems costs only go up.