Kraft Heinz to Shutter 7 Factories in U.S., Canada

Kraft Heinz will close seven factories in the U.S. and Canada over the next two years, the company said. The effort is part of a downsizing initiative that will cut 2,600 jobs.

The facilities in question include those in Fullerton and San Leandro, Calif.; Federalsburg, Md.; St. Marys, Ontario, Canada; Campbell, N.Y.; Lehigh Valley, Pa.; and Madison, Wis.

In similar news, Kraft Heinz also said it will move Oscar Mayer and the company's U.S. meats business from Madison, Wis., to Chicago. The move will bring 250 jobs to the Chicago area, the company noted.

In March of this year, H.J. Heinz Co. and Kraft Foods Group merged to create a global portfolio of powerhouse brands as the Kraft Heinz Co. In July, the company announced plans to also move its corporate HQ to Chicago.