Kraft Heinz to Trim 2,600 More Jobs in Cost-Cutting Push
- Oscar Mayer unit to move to Chicago from Madison, Wisconsin
- Move follows 2,500 job cuts the foodmaker announced in August
This article is for subscribers only.
Kraft Heinz Co., the food company that counts Warren Buffett’s Berkshire Hathaway Inc. as its largest shareholder, plans to eliminate about 2,600 jobs and close seven factories as management works to cut costs.
The moves, which are in addition to the 2,500 job cuts the company announced in August, will occur in stages over the next 12 to 24 months, Michael Mullen, a spokesman, said in an e-mailed statement. Kraft Heinz also said it will move its Oscar Mayer unit to Chicago from Madison, Wisconsin, next year.