Heinz closing 3 plants, cutting 1,350 jobs

[hue]

Source: San Jose Mercury News (AP)

H.J. Heinz Co. is closing three plants in North America and cutting 1,350 jobs in an effort to operate more efficiently.

The food maker said Thursday that it will close facilities in South Carolina, Idaho and Canada over the next six to eight months.

Heinz will shift production from these locations to other existing facilities in the U.S. and Canada. The company also said it will invest in remaining facilities and add 470 positions at five factories in Ohio, Iowa, California and Canada.

After the changes are complete, Heinz will employ approximately 6,800 hourly and salaried workers at sites across North America. This follows its decision in August to cut 600 jobs in North America.

Read more: http://www.mercurynews.com/california/ci_24524862/heinz-closing-3-plants-cutting-1-350-jobs

[OneCrazyDiamond]

1. The right will blame Kerry.

Funny thing is, it was sold to 3G Capital, and Berkshire Hathaway.

[Mika]

2. Stockholders come 1st. Wall Street wins when Americans lose jobs.

[liberal N proud]

14. You are 100% correct - it is all about what Wall Street needs to meet this quarters expectations

How to meet next quarters expectations will be handled next quarter, what ever it takes.

Once these companies have slimmed down to where they can't function any longer, Wall Street will grab what ever is left and run off to ravage another company. I work for a company that once competed at the top of the market with its products, were introducing innovative award winning products. One day, the CEO sends a notice to everyone that they were trimming the workforce by 30%, closing facilities and ending new product development. Why, to meet Wall Street expectations of providing a dividend to stock holders. Wall Street responded to the displacement of thousands with a boost in the share price to over $100/share.

Today, what is left of this once great company is a skeleton of the operations, with 2 manufacturing facilities in the US, 1 in China and 1 in Singapore. Local economies ruined but Wall Street got theirs.

[longship]

3. Come on, people! They're only trying to "catch up" with the competition.

[LiberalEsto]

4. Why do they ALWAYS do this right before the holidays?

It's just too cruel.

[24601]

8. If lose people are going to lose jobs, there's never a good time. It is, however, better to know

not to rack up credit card bills over the Thanksgiving-New Years time period and then find out that after the fact the money won't be there to pay them off.

[diabeticman]

5. Gotta love Warren Buffett pormising nothing would change when he took it over.

Oh I forgot everything I post is a lie so here is the proof:



http://www.dailymail.co.uk/news/article-2278714/Warren-Buffett-buys-ketchup-company-Heinz-record-23BILLION-deal-food-industry.html

[Gore1FL]

7. I didn't find the promise in the link

I may have missed it.

I saw these two statements:

Representatives for Heinz and the investment group weren't able to immediately provide any further details on the deal, including whether there would be any management changes or layoffs.
and

Buffett prefers to buy entire companies for his Berkshire Hathaway conglomerate and then allow the businesses to continue operating much the way they were before.

These statements seem to imply there was not a promise, however.

I feel like I'm stepping into something here for saying this based on your "everything I post is a lie" statement. I'm not trying to be accusatory, I just honestly cannot find what you are referring to.

[diabeticman]

10. sorry that was our local news channels.

[Dopers_Greed]

6. "Operate more efficiently"

In other words...funnel money to executive bonuses more efficiently

[NV Whino]

9. Oh no! They're outsourcing ketchup!

[PSPS]

11. They just lost the McDonald's ketchup contract last month after 40 years which, I presume, is huge.

[davidpdx]

13. I was thinking about that as well

It sounds like the plans were in place well before that since the company changed hands. They are downsizing by closing factories and laying almost 2,000 people off. The additional jobs at the other factories are only a fifth of the total that have been laid off.

[KamaAina]

16. Because they dared to hire an exec from (gasp) Burger King.

You stay classy, McDonald's.

[CHIMO]

12. What's Down the Road?

Ten cents on the dollar in Leamington? Maybe less?

Heinz closes Leamington plant, 740 people out of work

H.J. Heinz Co. will close its Leamington, Ont., processing plant in June 2014, costing 740 people their jobs, the company announced Thursday.

It broke the news to its employees at a meeting in the cafeteria.

Leamington Mayor John Paterson called the news "a great disappointment." The plant, which is more than 100 years old, is Leamington's largest employer.

"This is a day we hoped would never come," Paterson said. "We deeply regret this news."

http://www.cbc.ca/news/canada/windsor/heinz-closes-leamington-plant-740-people-out-of-work-1.2426608


But then you must include the workers. Those that have to physically do the work. Those that have to pay the payroll taxes!

El Contrato


This documentary from Min Sook Lee (Tiger Spirit) follows a poverty-stricken father from Central Mexico, along with several of his countrymen, as they make their annual migration to southern Ontario to pick tomatoes. For 8 months a year, the town's population absorbs 4,000 migrant workers who toil under conditions, and for wages, that no local would accept. Yet despite a fear of repercussions, the workers voice their desire for dignity and respect.

http://www.nfb.ca/film/el_contrato

So take out the towns' major product. Turn the equipment and real estate into a penny on the dollar and walk back in as the big cigar. In fact one could turn the whole area into a basket case in a few years and make a fortune selling to the highest bidder, or the one with the deepest pockets (China?)

http://www.rdwolff.com/
http://www.rdwolff.com/content/global-capitalism-november-2013-monthly-update

[Mika]

15. Corn syrup sweetener must've gone up .0001 cent. Gotta make up for the loss.