New Heinz owners offer buyouts to Pittsburgh staff

Written by The Associated Press | Apr 15, 2014 8:08 AM

(Pittsburgh) -- The new owners of H.J. Heinz Co. have offered buyouts to all 775 workers in Pittsburgh, where the ketchup-and-food giant has been based for decades, but says the move doesn't signal a plan to move the company's headquarters.

Instead, Heinz says the buyout is being offered because the new owners Berkshire Hathaway and 3G Capital -- a Brazilian investment firm -- recognize the company's new culture might not be ``the perfect fit'' for long-time Pittsburgh-based employees.

The buyout offers, which begin at six months' severance pay and increase depending on years of service, were sent out last week to all 775 Pittsburgh employees.

They'll have until Monday to decide whether to accept.

Heinz says any workers who quit will be replaced, leaving it with the same number of Pittsburgh employees.

Published in News

Tagged under , , , , , ,

back to top

Give Now

Estate Planning

Support for WITF is provided by:

Become a WITF sponsor today »

Smart Talk

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for WITF is provided by:

Become a WITF sponsor today »