PITTSBURGH (AP) -- Food company H.J. Heinz Co. is eliminating 600 jobs across the U.S. and in Canada, including 350 in Pittsburgh.
Heinz spokesman Michael Mullen says in a statement that employees were notified of the cuts Tuesday morning, about two months after the company was sold to private investors. Mullen says Heinz regrets the impact on Heinz employees and is offering enhanced severance packages.
Mullen says the cuts will better position Heinz for growth in a highly competitive global food market.
In June Heinz was bought and taken private by Warren Buffett's Berkshire Hathaway and the Brazilian investment firm 3G Capital in a $23.3 billion deal.
Mullen says Heinz will remain headquartered in Pittsburgh.
- Consumer Discretionary
- Michael Mullen