Kraft Heinz announced Wednesday that it would be closing seven factories and cutting about 2,600 jobs.
The closing factories are in Fullerton, California; San Leandro, California; Federalsburg, Maryland; St. Marys, Ontario, Canada; Campbell, New York; Lehigh Valley, Pennsylvania; and Madison, Wisconsin, Michael Mullen SVP of corporate and government affairs, said in a statement.
Over the next 12-24 months, he said, production in those locations will shift to other existing factories in North America.
He said the decision to close the factories came after “an extensive review of the Kraft Heinz North American supply chain footprint, capabilities and capacity utilization.”
Calling the move “difficult but necessary,” Mullen said the closures would cut approximately 2,600 positions from the company’s North American factory-based employee population.
The company said it also will close its meat processing plant in Davenport, Iowa, and move production to a new facility that will be built nearby.
Kraft Heinz will invest “hundreds of millions of dollars in improving capacity utilization and modernizing many of our facilities with the installation of state-of-the-art production lines,” Mullen added in his statement.
Warren Buffett’s Berkshire Hathaway owns about 26.8 percent of shares outstanding in the company, according to the latest available data.
Kraft Heinz formed from the merger of Kraft and Heinz this year. The new company, co-headquartered in Chicago and Pittsburgh, announced in August that 2,500 non-factory jobs would be cut following the merger.
— The Associated Press contributed to this report.
http://www.cnbc.com/2015/11/04/kraft-heinz-closing-7-factories-cutting-2600-jobs.html
Let me guess….those factories will be quietly re-located to a place in China but never stated to the American public.
Alright, I’m trying to say what douchebags John and Teresa Heinz (Kerry) are but I think everyone knows. So, in “an extensive review of the Kraft-
Heinz North American supply chain footprint, capabilities and capacity utilization” (how Orwellian does that sound?), the decision will be “difficult but necessary” We will invest “hundreds of millions” to rid us of high wage American workers and hire these illegal “beaners” for pennies on the dollar, truth be told.
So I guess this means that the unemployment rate will go down to 4.9 right? And that only 65 million people (not 66 million as stated in that DAPA article that Henry read earlier) are out of work.
BAM!!!
Oh that’s better.
I’m sorry. Had to hit myself with that Commie 2X4 again.
The “Board of Wisdom” is never wrong!
Soon.
Yep, wait until the next news story on this if it ever gets to print.. will be where these 2600 workers will probably end up losing all of their benefits , pensions and or any severance
the screwing of them will come fast deep and hard
So, that would be the company owned by the Heinz family, into which our illustrious John (Lurch) Kerry married into?