3G Capital

Essential Pittsburgh
3:23 pm
Wed August 14, 2013

Heinz Cuts Employees After Investment Firm Acquisition

H.J. Heinz Company was founded in 1869 in Sharpsburg and moved its headquarters to Pittsburgh in 1971.
Credit Alex Abboud / Flickr

Global ketchup manufacturer H.J. Heinz Company recently announced a layoff of 350 employees in the Pittsburgh region. This follows a $28 billion acquisition by investment consortium Berkshire Hathaway and their affiliate 3G Capital.

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.

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