Kraft Heinz to Close 7 Plants, Cut About 2,600 Jobs
Kraft Heinz will close seven factories and lay off about 2,600 employees, a spokesman for the food company said Wednesday.
The company will also move its Oscar Mayer brand and U.S. meats business to Chicago from Madison, Wis., Kraft spokesman Michael Mullen told Reuters.
Kraft Heinz was formed by the merger of Kraft and Heinz earlier this year in a deal brokered by Warren Buffett and the Brazilian private equity firm 3G Capital.
The new company, which is based in both Chicago and Pittsburgh, said in August that 2,500 jobs would be cut following the deal.
Other major U.S. food makers, such as Campbell Soup (CPB) and Kellogg (K), have closed factories in recent years as they struggle to deal with slower demand for processed and packaged foods, The Wall Street Journal said.
—Reuters contributed to this report.