Heinz to Cut Up to 1,000 Jobs, Raises Dividend, Forecast
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H.J. Heinz Co., the world’s biggest ketchup maker, raised its dividend and profit forecast as it plans to slash as many as 1,000 jobs worldwide.
The cuts amount to about 3 percent of its workforce, according to data compiled by Bloomberg. Five factories will close as part of the plan, the Pittsburgh-based company said today in a statement.