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June 02, 2006

Heinz Profit Falls, Plans 2,700 Job Cuts

Food producer H.J. Heinz Co. on Thursday said fiscal fourth-quarter profit dropped 19 percent, and said it plans to cut 2,700 jobs, or 8 percent of its work force, and exit 15 plants this year as part of a plan to cut costs and resume earnings

From Heinz Profit Falls, Plans 2,700 Job Cuts

Posted by Sean at June 2, 2006 04:14 PM