Kraft Heinz to Close Some Plants

Back in March Warren Buffett and 3G Capital decided to merger their two companies Kraft and Heinz, creating one of the largest food companies. 

In recent years Kraft corporation as been struggling to keep their profits up. Not many consumers are purchasing the canned soups or cereal therefore the demand is weakening, and the competition high. Over the past summer they have announced many corporate layoffs and struggled to keep their factories running as recently had to close down its market.

With reconstructing the business and cutting 10% of workers, investors are keeping a close watch.