UK Unions Worried As Heinz Swallows Rival Giant Kraft

UK unions worried as Heinz swallows rival giant Kraft

Unions voiced fears over UK jobs yesterday in the wake of billionaire Warren Buffett’s Heinz swallowing up US rival Kraft Foods, to create a $28bn (£19bn) empire spanning baked beans, ketchup and Philadelphia spreads. The deal was billed as a merger but is in effect a takeover of Kraft by Mr Buffett and his partner, the…