No more free cheese sticks for Kraft employees in cost crackdown
The days of free Jell-O and cheese sticks are over for employees at Kraft’s headquarters.
After merging this month with Heinz, the combined company rolled out policies aimed at curbing expenses such as travel, electricity and office supplies, according to the contents of a memo reviewed by Bloomberg News.
The food maker has also begun cutting jobs – and even yanked the free snacks, according to people familiar with the matter who asked not to be identified because the decisions are private. Refrigerators that used to be stocked with Kraft treats were removed this month from the headquarters outside Chicago, the people said.
The changes echo an overhaul that chief executive Bernardo Hees led at Heinz two years ago after Warren Buffett’s Berkshire Hathaway and investment firm 3G Capital took over the ketchup maker. Within weeks of that deal’s completion, top executives departed and the new management team went to work cutting costs and thousands of employees from corporate headquarters to the factory floor. Sydney Morning Herald – Read more…
After merging this month with Heinz, the combined company rolled out policies aimed at curbing expenses such as travel, electricity and office supplies, according to the contents of a memo reviewed by Bloomberg News.
The food maker has also begun cutting jobs – and even yanked the free snacks, according to people familiar with the matter who asked not to be identified because the decisions are private. Refrigerators that used to be stocked with Kraft treats were removed this month from the headquarters outside Chicago, the people said.
The changes echo an overhaul that chief executive Bernardo Hees led at Heinz two years ago after Warren Buffett’s Berkshire Hathaway and investment firm 3G Capital took over the ketchup maker. Within weeks of that deal’s completion, top executives departed and the new management team went to work cutting costs and thousands of employees from corporate headquarters to the factory floor. Sydney Morning Herald – Read more…
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