Kraft Heinz to cut 2,500 jobs in US, Canada
In just over a month since the company’s merger, the Kraft Heinz Company announced it will slash 2,500 jobs in the US and Canada in an effort to cut costs, according to the Associated Press.
Company representatives said all jobs to be cut are salaried and do not involve any factory workers. About 700 of the jobs cut will be from Northfield, IL where Kraft was headquartered, according to reports. The company employs about 46,600 people.
Heinz and Kraft announced the companies would merge in March. The combination of these brands creates a global powerhouse—the fifth largest food and beverage company in the world—that joins iconic brands including Heinz, Kraft, Oscar Mayer, Ore-Ida and Philadelphia. According to the companies, together they will have eight $1+ billion brands and five brands between $500 million and $1 billion.
The new company, which projects revenues of approximately $28 billion, is co-headquartered out of Pittsburgh and Chicago, the companies’ respective homes.