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Business performanceLatest NewsEconomics, government & businessJob creation and losses

Jobs at risk in Heinz restructuring

by dan thomas 27 May 2005
by dan thomas 27 May 2005

UK and Ireland staff at Heinz face an uncertain future after the food giant announced a strategic review that could affect 2,000 workers.

The company yesterday said that the plans affected five plants in the UK and Ireland employing 2,000 workers, while the future of a further 11 sites in Europe with another 7,000 workers remained unclear.

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A spokesman said the review, expected to be completed by the end of the year, could result in the plants being sold, retained or reorganised. The company expects to save between $75m (£40m) and $100m.

Heinz has just finished a three-year restructuring plan in the US which has resulted in improved sales, but chairman William Johnson said performance in Europe was below par.

dan thomas

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