Here's Why Kraft Heinz Is Eliminating 2,600 U.S. Jobs

November 4, 2015 9:49 PM

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Here's Why Kraft Heinz Is Eliminating 2,600 U.S. Jobs

To free up money to invest in new products that address the country's growing demand for healthier food, recently combined Kraft Heinz (KHC) is wasting no time slicing off the fat from its business model.

Kraft Heinz, which completed its merger on July 2 and is being led by noted cost-slasher Bernardo Hees of 3G Capital, announced on Wednesday that it will close seven manufacturing plants in the U.S. and Canada. The move will result in about 2,600 layoffs, consistent with plans shared in August to gi...

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