Tags: Kraft | Heinz | Jobs | Factories

Kraft Heinz to Cut 13 Percent of Jobs, Shut Factories in Integration

Kraft Heinz to Cut 13 Percent of Jobs, Shut Factories in Integration
(Getty/Scott Olson)

Thursday, 04 May 2017 01:59 AM EDT

Kraft Heinz Co. said on Thursday it would cut about 13 percent of its workforce, close factories and consolidate its distribution network as part of its efforts to merge Kraft Foods and H.J. Heinz.

Kraft Heinz said it would incur pre-tax costs of $2 billion related to the elimination of 5,150 positions, the shutting of six factories and the streamlining of its distribution.

The company will also spend an additional $1.3 billion on capital expenditures related to the integration on top of the $995 million it has spent since the merger in 2015. 

© 2026 Thomson/Reuters. All rights reserved.


Companies
Kraft Heinz plans to cut about 13 percent of its workforce, close factories and consolidate its distribution network as part of its efforts to merge Kraft Foods and H.J. Heinz.
Kraft, Heinz, Jobs, Factories
93
2017-59-04
Thursday, 04 May 2017 01:59 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved