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Wednesday, 12 August 2015

Kraft Heinz slashes 2,500 jobs in US and Canada amid changing tastes.

The newly-merged company is facing falling sales among major brands including Heinz baked beans.

Kraft Heinz is cutting about 2,500 jobs as part of its plan to slash costs after the food companies combined earlier this year.
Spokesman Michael Mullen said affected workers are in the U.S. and Canada and were to be notified in person. About 700 of the cuts were coming in Northfield, Illinois, where Kraft had been headquartered.
The company would not specify where other cuts were taking place but said that all the jobs were salaried. It said none of the job cuts involved factory workers.
The Kraft Heinz Co. said it had a total of around 46,600 employees before the cuts. That included about 1,900 in Northfield.
The job cuts are not surprising, given the reputation of the company's management on Wall Street.
More on this story here.
All over the developed world junk food outfits are reporting lower sales, from margarine to Coke. Could it be people are wising up and realise the junk is wrecking their health. I hope so.


Anonymous said...

Perhaps it is time to re-consider farming and growing more real food for the populus?

Lowcarb team member said...

"Perhaps it is time to re-consider farming and growing more real food for the populus?"
Now that's a thought Ted!