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Kraft Heinz Cuts 2,500 Jobs After Merger; No More Free Jell-O Either (Warren Buffett greed)
NBC News ^
| 8/12/15
| AP
Posted on 08/12/2015 7:06:25 AM PDT by jimbo123
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1
posted on
08/12/2015 7:06:25 AM PDT
by
jimbo123
To: jimbo123
Mergers always involve job reductions.
2
posted on
08/12/2015 7:09:53 AM PDT
by
bigbob
(The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
To: jimbo123
Privatize profits and socialize the costs. The normal crony capitalist model at work here. Nothing else to see. Move along sheeple.
3
posted on
08/12/2015 7:11:32 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: jimbo123
Maybe Ketchup Boy, John Kerry will get all of the laid off employees jobs with Iran.
To: Vigilanteman
And Buffett is doing this with foreigners as his hitmen. He partnered with Brazilian firm 3G Capital do his dirty work.
5
posted on
08/12/2015 7:14:11 AM PDT
by
jimbo123
To: jimbo123
How much Heinz stock does Lurch own?
6
posted on
08/12/2015 7:14:40 AM PDT
by
dfwgator
To: dfwgator
Lurch is going to get much richer if he holds Heinz stock. The Brazilians at 3G are ruthless and always make tons of money for their investors after their takeovers.
7
posted on
08/12/2015 7:16:31 AM PDT
by
jimbo123
To: jimbo123
Buffet loves Brazil. He sees it as a model of socialism which works. Since it doesn't operate on the same idiotic model as neighboring Venezuela, is resource rich and relatively underpopulated, he is also heavily invested in their oil and gas industry.
8
posted on
08/12/2015 7:18:53 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: dfwgator
none.... Berkshire owns it all
9
posted on
08/12/2015 7:19:21 AM PDT
by
bert
((K.E.; N.P.; GOPc.;+12, 73, .. Iran deal & holocaust: Obama's batting clean up for Adolph Hitler)
To: jimbo123
the concept of greed and crony capitalism and all that is just so much crap propagated by those that are at root anti business, anti capitalist.
10
posted on
08/12/2015 7:20:59 AM PDT
by
bert
((K.E.; N.P.; GOPc.;+12, 73, .. Iran deal & holocaust: Obama's batting clean up for Adolph Hitler)
To: Vigilanteman
What costs are being socialized?
11
posted on
08/12/2015 7:31:57 AM PDT
by
gogeo
(If you are Tea Party, the eGOP does not want you.)
To: jimbo123
Not announcing the other locations because I am sure they’ve lied their a*ses off to the usual assortment of Pittsburgh Democrats about keeping the jobs here. Don’t want to tick them off until after they’ve collected whatever government subsidy they are expecting.
To: gogeo
The costs of unemployment, subsidized housing, food stamps, and for the lucky few, disability costs.
13
posted on
08/12/2015 7:43:27 AM PDT
by
Chickensoup
(We lose our freedoms one surrender at a time)
To: gogeo
The costs of all the laid-off workers collecting unemployment, for starters.
14
posted on
08/12/2015 7:43:37 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: Chickensoup
And Heinz is responsible for that how?
15
posted on
08/12/2015 8:37:03 AM PDT
by
gogeo
(If you are Tea Party, the eGOP does not want you.)
To: Vigilanteman
16
posted on
08/12/2015 8:37:33 AM PDT
by
gogeo
(If you are Tea Party, the eGOP does not want you.)
To: gogeo
The same way the open borders lobby is responsible for putting Americans in the unemployment line by encouraging their new, imported lower paid workers to sign up for all the government bennies available to make up the difference.
Capitalism not tempered by a little Christian compassion and morality almost always deteriorates into a state favored model of crony Capitalism where profits are privatized and costs are socialized. That's why we had a Clayton and Sherman Anti-Trust acts which are no longer enforced. Same chapter different verse of the old Wall Street vs. Main Street thing.
17
posted on
08/12/2015 8:47:53 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: jimbo123
Smart people buying companies that trade in food is always kind of scary...
18
posted on
08/12/2015 10:07:18 AM PDT
by
GOPJ
(Research facilities aren't useing a million aborted babies a year. Where's the rest ?)
To: Vigilanteman
The same way the open borders lobby is responsible for putting Americans in the unemployment line by encouraging their new, imported lower paid workers to sign up for all the government bennies available to make up the difference. It's sad you can't see the difference.
Capitalism not tempered by a little Christian compassion and morality almost always deteriorates into a state favored model of crony Capitalism where profits are privatized and costs are socialized.
Hmmm...who knew featherbedding was a Christian principle?
19
posted on
08/12/2015 10:10:14 AM PDT
by
gogeo
(If you are Tea Party, the eGOP does not want you.)
To: gogeo
Outsourcing is certainly better than importing low wage workers to supplant American workers then telling those low wage workers how they can supplement their income by signing up for government bennies. But there is no evidence Kraft-Heinz is outsourcing these jobs. Of course, there is also no evidence that they aren't either.
Cutting duplication and waste is fine, but that's not all that is happening here. The reduced competition resulting from approving this merger is already raising prices at the grocery store even though a key component (namely fuel prices) are falling.
There are also plenty of ways other than featherbedding to temper job losses, the Government Motors way, which does nobody any good. Moral companies provide outplacement services as just one example. They also make a reasonable attempt to place people internally where possible. They don't announce job cuts as it it is something to brag about to goose their stock price as clearly seems to be the case here.
20
posted on
08/12/2015 10:53:45 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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