Kraft Heinz (KHC) Will Close Seven Plants, Layoff ~2,600 Workers
Get Alerts KHC Hot Sheet
Price: $38.37 -0.52%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 4.6%
Revenue Growth %: -0.9%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 4.6%
Revenue Growth %: -0.9%
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(Updated - November 4, 2015 3:23 PM EST)
Kraft Heinz (NASDAQ: KHC) to close seven plants and layoff around 2,600 workers, according to Dow Jones Newswires.
UPDATE - Facilities to be closed are: Fullerton and San Leandro, California; Federalsburg, Maryland; St. Marys, Ontario, Canada; Campbell, New York; Lehigh Valley, Pennsylvania; and Madison, Wisconsin.
Closures are expected to happen over the next 12 to 24 months.
Following he closure of the Kraft-Heinz merger earlier in 2015, the companies said about 2,500 non-factory jobs would be eliminated.
Shares of KHC are down 0.6 percent.
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