Over 240 Heinz jobs in Australia, New Zealand and Papua New Guinea are to be cut as the US food giant brings in a “streamlined” structure for its business in the markets.
Heinz said the move would enable it to become “more flexible and efficient” in “extremely competitive local and global markets”. A total of 245 posts will be affected, the Wattie’s sauce manufacturer revealed.
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“The difficult but necessary actions we are taking now to right size the Company will result in Heinz becoming a stronger, more unified and efficient organisation that is better positioned for future growth,” a spokesperson for Heinz told just-food.
Since Heinz was acquired last year by private-equity firm 3G Capital and Berkshire Hathaway, Warren Buffett’s investment vehicle, the company has embarked on a restructuring programme to cut costs and improve productivity.
When Heinz announced its first-half results in August, the ketchup maker said 3,800 posts had been cut as of 29 June.
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