Heinz to cut 600 jobs in North America after sale of company
PITTSBURGH (REUTERS) - HJ Heinz Co, the world's largest ketchup maker, said on Tuesday it plans to eliminate 600 jobs across North America.
The move follows the US$28-billion (S$35-billion) sale of the company to Mr Warren Buffett's Berkshire Hathaway Inc and private equity firm 3G Capital earlier this year.
"Our new organisational structure will simplify, strengthen and leverage the company's global scale, while enabling faster decision making, increased accountability, and accelerated growth," said Mr Michael Mullen, a Heinz senior vice-president.
The eliminated positions are all white collar jobs, with 350 lay-offs to take place in Pittsburgh, where the company plans to remain headquartered. The cuts follow a June management shake-up that saw 11 top executives leave the company.