- Heinz (HNZ) has cut hundreds of jobs and axed 11 senior executives since being bought out by Berkshire Hathaway and 3G Capital.
- Part of the pressure on the company post-takeover is scrapping together the cash to pay out Berkshire's 9% dividend on preferred shares.
- Analysts think the developments at Heinz are of interest to Campbell Soup (CPB) and Mondelez International (MDLZ) where the same tight cost discipline might become a priority.
Peers could feel the squeeze as Heinz cuts the fat
Sep 19 2013, 08:21 ET