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New owners offer buyouts to Pittsburgh Heinz staff
Associated Press ^ | Apr. 15, 2014 12:23 PM ET

Posted on 04/15/2014 4:00:05 PM PDT by Olog-hai

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

Instead, Heinz officials said the buyout is being offered because the new owners Berkshire Hathaway and Brazilian investment firm 3G Capital recognize the company’s new culture might not be “the perfect fit” for longtime Pittsburgh-based employees. Heinz officials said any workers who quit will be replaced, leaving the company with the same number of workers in Pittsburgh. …

(Excerpt) Read more at hosted2.ap.org ...


TOPICS: Business/Economy; News/Current Events; US: Pennsylvania
KEYWORDS: berkshirehathaway; buyouts; heinz; pittsburgh

1 posted on 04/15/2014 4:00:05 PM PDT by Olog-hai
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To: Olog-hai

Going non-union???


2 posted on 04/15/2014 4:01:15 PM PDT by ridesthemiles
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To: Olog-hai

>>Berkshire Hathaway and Brazilian investment firm 3G Capital recognize the company’s new culture might not be “the perfect fit” for longtime Pittsburgh-based employees.<<

Translation: we want workers who will actually work.


3 posted on 04/15/2014 4:02:23 PM PDT by freedumb2003 (Fight Tapinophobia in all its forms! Do not submit to arduus privilege.)
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To: Olog-hai

My ass. This is ALL about money. Get rid of the high priced employees and bring in new ones for half the cost.


4 posted on 04/15/2014 4:03:16 PM PDT by 4yearlurker (Some people say that experts agree!!)
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To: ridesthemiles
BULL PUCKEY!
They are getting ready to DUMP.

An opinion only, though a strong one.

5 posted on 04/15/2014 4:03:34 PM PDT by cloudmountain
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To: 4yearlurker

So? Of course its about money. It’s called BUSINESS. Not charity.


6 posted on 04/15/2014 4:08:06 PM PDT by bigdaddy45
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To: freedumb2003

Why do I get the sense that the crony corporatists in question don’t have such a concern, and that their actual intents are far less capitalist than that? We’d be seeing firings rather than buyouts if this were the case.


7 posted on 04/15/2014 4:09:47 PM PDT by Olog-hai
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To: cloudmountain

I agree, not smart for any large corporation to be headquartered in Pennsylvania, and to look back at the number of corporations that were formerly based in Pittsburgh.....just Damn!


8 posted on 04/15/2014 4:10:54 PM PDT by RS_Rider (I hate Illinois Nazis)
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To: ridesthemiles

You ask; “Going non-union???”

One can hope. More likely going non-union someplace else despite what they are saying.


9 posted on 04/15/2014 4:12:27 PM PDT by Fai Mao (Genius at Large)
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To: 4yearlurker

and? You’re from PA, you know as well as I do the PGH based “food companies” are dysfunctional. They need to shed lots of old blood if the company wants to survive at all.


10 posted on 04/15/2014 4:17:05 PM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: 4yearlurker

It’s about getting rid of the Americans and replacing them with Brazilians.


11 posted on 04/15/2014 4:32:25 PM PDT by jimbo123
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To: RS_Rider
I agree, not smart for any large corporation to be headquartered in Pennsylvania, and to look back at the number of corporations that were formerly based in Pittsburgh.....just Damn!

I would suspect that the state of Pennsylvania might be responsible for the loss of jobs via higher state taxes, lack of recruitment of big businesses, too much welfare for the non-working poor and allowing the lazies to steal whatever they could from Pennsylvania's coffers.

12 posted on 04/15/2014 4:33:03 PM PDT by cloudmountain
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To: Olog-hai
I once had an employee of Heinz in the Pittsburg area share this story.

Now, I don't recall where the plant was, but it was in the Pittsburg area. Seems the unions at the Heinz plant wanted exorbitant perks with their new contract, including a lunch room, covered parking, and other things I don't remember.

Well, Heinz gave the union everything it asked for and then asked if everybody, with the union, was happy with changes and contract. The union was crazy happy about all of the changes they had asked for were given to them. Like I said, the union was happy.

With the union's happiness having been accomplished, and all demands being met, Heinz immediately closed the plant and fired everybody!

13 posted on 04/15/2014 4:36:00 PM PDT by Road Warrior 04 (Molon Labe! (Oathkeeper))
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To: P.O.E.

Ketchup Co Ping...


14 posted on 04/15/2014 4:41:22 PM PDT by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: Olog-hai

Mr. Buffet is not a fool.


15 posted on 04/15/2014 5:03:16 PM PDT by upchuck (Support ABLE, the Anybody But Lindsey Effort. Yes, we are the ABLE!!)
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To: Olog-hai

Does Teresa Heinz Kerry still have money in Heinz either directly or indirectly through the Heinz Endowment she runs?


16 posted on 04/15/2014 5:05:02 PM PDT by RightGeek (FUBO and the donkey you rode in on)
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To: Olog-hai

Heinz is the best ketchup in my opinion. Nothing even comes close by comparison. Too bad— Theraaazzaa and Lurch latched on to Heinz and now this... ‘let my ketchup go’.


17 posted on 04/15/2014 5:07:14 PM PDT by tflabo (Truth or Tyranny)
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To: bigdaddy45

What?????I thought The Pope was calling the shots..I was just making an observation. Relax.


18 posted on 04/15/2014 5:22:24 PM PDT by 4yearlurker (Some people say that experts agree!!)
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To: RightGeek

I thought the Kerry-Heinz collective had completely sold out.


19 posted on 04/15/2014 6:20:40 PM PDT by RetiredTexasVet (If His Arrogance knows where his BC is, why did he have to hire someone to Photoshop a new one?)
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