- Significant job and cost-cutting measures have begun at Kraft just as expected after the completion of its merger with H.J. Heinz Co., according to a report from Bloomberg.
- Some changes are minor, such as certain requirements for printer settings or no more refrigerators packed with free Kraft products, but others are slightly larger, affecting limits on employee spending during business travel or electricity use.
- Under the direction of new owner 3G Capital, Heinz went through the same cost-cutting overhaul, so it was only a matter of time before the same cuts started at Kraft as well.
In addition to cost cuts, what is more significant to Kraft employees are the job cuts that have already begun and could continue.
Along with the merger's announcement came a swift replacement of several Kraft executives, and earlier this month, Kraft Heinz announced it would be moving its headquarters from the suburbs of Chicago to a smaller office tower in downtown Chicago. Kraft Heinz did not say how the relocation could factor into jobs, but because the new headquarters is a fraction of the size of the old facility, it's almost assured that job cuts will follow.