Heinz is to lay off 600 workers across the US and Canada – with over half the cuts at its HQ in Pittsburgh.
The ketchup and baked beans maker, now owned by Warren Buffett’s Berkshire Hathaway fund and private-equity firm 3G Capital, is to axe the office jobs as part of a “streamlined structure” for its operations in North America. Some 350 of the affected posts are in Pittsburgh.
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A Heinz spokesperson said the “difficult actions” will “better position” the company to “fund our next chapter of growth”.
The spokesperson added: “Our new organisational structure will simplify, strengthen and leverage the company’s global scale, while enabling faster decision making, increased accountability, and accelerated growth.”
Berkshire Hathaway and 3G struck a deal to pay US$28bn for Heinz in February – the largest-ever takeover in the food sector. The acquisition was completed in June and there has been a series of senior management changes, including the appointment of former Burger King CEO Bernardo Hees as CEO.
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Hees was brought in as Burger King CEO when 3G acquired the US fast food chain in 2010. 3G and Berkshire Hathaway each own 50% of Heinz, with the private-equity firm running the business.
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By GlobalDataClick here for our detailed coverage of the Heinz takeover, published in February.
