Heinz-Kraft Merger Raises Fear Of Job Cuts

Heinz-Kraft merger raises fear of job cuts

The merger of H.J. Heinz Co. and Kraft Foods Group Inc. is raising fears of plant closures and job losses, as the new owners seek to cut costs. The makers of Heinz Ketchup and Kraft cheese announced the blockbuster deal Wednesday, a move backed by U.S. billionaire Warren Buffet and the Brazilian investment firm that owns…