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2,500 Salaried Jobs Trimmed At Kraft Heinz

August 12, 2015: 12:00 AM EST
Kraft Heinz is slashing 2,500 salaried jobs in the U.S. and Canada, including 700 in Northfield,Ill., where Kraft headquarters were located. None of the jobs cut were factory jobs. The cost cutting measure, expected to save $1.5 billion a year by 2017, follows others since Heinz and Kraft merged earlier this year, including elimination of refrigerators full of free snacks at Kraft’s head office. The tightened cost controls are no surprise to Wall Street analysts who say Warren Buffet’s Berkshire Hathaway and Brazil’s 3G Capital, who managed the merger, have a reputation for cutting fat from acquisitions.
Candice Choi, "Kraft Heinz Slashing 2,500 Jobs After Merger", Associated Press (U.S. News & World Report), August 12, 2015, © Associated Press
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