Berkshire Hathaway http://wesa.fm en Heinz Cuts Employees After Investment Firm Acquisition http://wesa.fm/post/heinz-cuts-employees-after-investment-firm-acquisition <p>Global ketchup manufacturer H.J. Heinz Company recently <a href="http://www.bizjournals.com/pittsburgh/news/2013/08/13/heinz-cuts-600-jobs-350-in-pittsburgh.html?page=all">announced </a>a layoff of 350 employees in the Pittsburgh region. This follows a $28 billion <a href="http://wesa.fm/post/heinz-announces-layoffs-350-lose-jobs-pittsburgh">acquisition</a> by investment consortium Berkshire Hathaway and their affiliate 3G Capital.</p><p>The company has not yet disclosed how much the layoffs will save them. Pittsburgh Business Times manufacturing reporter Justine Coyne says cutbacks are not unusual during an acquisition, but because of Heinz’s historic connection with the city, many locals are hurting.</p><p> Wed, 14 Aug 2013 19:23:15 +0000 Katherine Blackley 14866 at http://wesa.fm Heinz Cuts Employees After Investment Firm Acquisition