Kraft Heinz to slash 2,500 jobs in Restructuring - John Kerry's Wife Teresa Heinz

Kraft Heinz to slash 2,500 jobs in restructuring

Published: Aug 12, 2015 10:49 a.m. ET

[link to www.marketwatch.com]


Kraft Heinz Co. said it is cutting 2,500 jobs in North America--more than 5% of its global workforce--as it aims to slash at least $1.5 billion from the newly combined company’s annual budget.

Kraft Foods Group Inc. and H.J. Heinz Co. merged last month in a deal orchestrated by Heinz owners 3G Capital Partners LP and Berkshire Hathaway Inc.’s BRK.A, -1.20% Warren Buffett.


Teresa Heinz Kerry (born October 5, 1938), also known as Teresa Heinz, née Maria Teresa Thierstein Simões-Ferreira, is a Mozambican–born American businesswoman and philanthropist of Portuguese descent. She is the widow of former U.S. Senator H. John Heinz III (R-Pennsylvania), and the wife of current U.S. Secretary of State and former U.S. Senator John Kerry (D-Massachusetts).

[link to en.wikipedia.org (secure)]
Marriage to John Heinz

In 1966, Teresa married her college sweetheart, Republican Senator Henry John Heinz III of Pennsylvania, with whom she has three sons. Shortly after celebrating their 25th wedding anniversary in 1991, Senator Heinz was killed in a helicopter crash.

After her husband's death, Teresa turned down offers to seek election to her husband's Senate seat. She instead became heir to the Heinz Ketchup fortune and chairman of The Howard Heinz Endowment and the Heinz Family Philanthropies, one of the nation's large private foundations.

[link to www.biography.com]