View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 16, 2014

Heinz jobs in Australasia to go in restructuring

Over 240 Heinz jobs in Australia, New Zealand and Papua New Guinea are to be cut as the US food giant brings in a "streamlined" structure for its business in the markets.

By Dean Best

Over 240 Heinz jobs in Australia, New Zealand and Papua New Guinea are to be cut as the US food giant brings in a “streamlined” structure for its business in the markets.

Heinz said the move would enable it to become “more flexible and efficient” in “extremely competitive local and global markets”. A total of 245 posts will be affected, the Wattie’s sauce manufacturer revealed.

“The difficult but necessary actions we are taking now to right size the Company will result in Heinz becoming a stronger, more unified and efficient organisation that is better positioned for future growth,” a spokesperson for Heinz told just-food.

Since Heinz was acquired last year by private-equity firm 3G Capital and Berkshire Hathaway, Warren Buffett’s investment vehicle, the company has embarked on a restructuring programme to cut costs and improve productivity.

When Heinz announced its first-half results in August, the ketchup maker said 3,800 posts had been cut as of 29 June.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food