Buffett-Backed Kraft Heinz Cuts 2,500 Jobs as Hees Targets Costs
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Kraft Heinz Co., the food company that counts Warren Buffett’s Berkshire Hathaway Inc. as its largest shareholder, is eliminating about 2,500 jobs in the U.S. and Canada under the new management.
The cuts include about 700 employees in Northfield, Illinois, the long-time home of the Kraft operation, the company said in a statement Wednesday. Kraft Foods said last month it would move its headquarters, where it has roughly 1,900 employees, to a smaller space in a Chicago office tower.