Retail News

Heinz to Downsize by 2,700

Bloomberg News/Contra Costa Times 06/02/2006

Under pressure from billionaire shareholder Nelson Peltz, Pittsburgh-based H.J. Heinz Co. stated that 2,700 jobs will be eliminated and 15 factories will be sold or closed in efforts to cut spending by $355 million.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!