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Kraft Heinz cutting 400 jobs in global restructuring

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Kraft Heinz cutting 400 jobs in global restructuring

The Kraft Heinz Co. is cutting around 400 jobs as part of a global restructuring initiative primarily focused on workforce reduction and factory closures, according to an Aug. 13 SEC filing.

The U.S. food company said 200 of these positions have already been eliminated in the six months ended June 29, costing the company approximately $41 million in expenses including $3 million in severance and employee benefit costs.

In a June 9 filing, Kraft Heinz already said it expects to lay off 1,900 positions from the global restructuring programs. It said it completed 1,400 layoffs in 2018, incurring about $48 million in severance and employee benefit costs.