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Warren Buffett

Kraft Heinz slashing 2,500 jobs; factory workers in Valley safe for now

Kraft Heinz slashing 2,500 jobs; factory workers in Valley safe for now

NEW YORK — Kraft Heinz says it is cutting about 2,500 jobs as part of its plan to slash costs after the food companies combined, though factory workers in the Lehigh Valley remain unaffected for now. Spokesman Michael Mullen says 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, Ill., 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. "We continue to evaluate our combined global manufacturing footprint to make sure we are operating as efficiently and...

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