Struggling Kraft Heinz is cutting 400 jobs

Struggling Kraft Heinz is cutting 400 jobs

CHICAGO, IL - MARCH 25: In this photo illustration, Heinz Tomato Ketchup is shown on March 25, 2015 in Chicago, Illinois. Kraft Foods Group Inc. said it will merge with H.J. Heinz Co. (Photo Illustration by Scott Olson/Getty Images)

PITTSBURGH — The Kraft Heinz Co. said Tuesday that it's cutting 400 jobs, including 100 that it's cut already.

In a Tuesday filing with the Securities and Exchange Commission, Kraft Heinz (NASDAQ: KHC) said the job cuts will result in $27 million in expenses in the first quarter, including $1 million in employee severance and employee benefit costs, $9 million in non-cash and asset-related costs, $15 million in other implementation costs and $2 million in other exit costs.

Read more in the Pittsburgh Business Times.

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