Dive Brief:
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Heinz won’t say how many workers in Pittsburgh accepted the company’s unprecedented buyout offer, which expired Monday.
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The maker of ketchup, baked beans, and other products offered to buy out nearly 800 workers at its operation in Pittsburgh.
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Heinz is seeking to cut costs and boost revenues in the wake of its acquisition last year by private equity investors.
Dive Insight:
As we’ve noted before, there are not a lot of jobs in Pittsburgh these days, particularly in the food industry. So many may have their doubts that the buyout saw wide acceptance. We’re just going to have to wait until Heinz discloses those numbers. Heinz, of course, has built a brand around waiting: