Heinz closing 3 plants, cutting 1,350 jobs

Associated Press ^ | Nov 14, 2013 5:45 PM EST

[sport]

So did I.

[sport]

I avoid products with the brand Heinz like the plague.

[SeminoleCounty]

Gee, looks like Theresa and John “really” care about American jobs. NOT!

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No surprise....Free Trade is a Liberal idea supported by most Liberals

[chasio649]

So my years of boycotting the company has finally had an affect?! Kewl! /s

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No need for a sarcasm tag...I thought the same thing...maybe you and i did it!!!! ;)

[South40]

:-)

[Mase]

These are the consequences of being owned by private equity. 3G Capital will cut every possible cost, while sending thousands to look for work elsewhere. It is their way or the highway, and they have a solid history of making big money from their investments.

[Toddsterpatriot]

Let me see, if I pretended to loan you $20million that I didn’t have, charging you 5% interest, would I make more money from interest, 5% (20M/20 = 1M) or the 20M principle?

If you made a loan and your loan check bounced, you wouldn't make any money.

[Squawk 8888]

To all- please ping me to Canadian topics.

Canada Ping!

[Don W]

Well, my boycott was obviously far more effective than yours, as 130 more Canadian employees were laid off, and we are only 10% your population...

[mad_as_he$$]

True in the US but not overseas. US is only 40% of Heinz’s sales.

[veracious]

Yup, but -Reserve- bank loan checks don’t bounce.

[Toddsterpatriot]

Reserve banks don’t pretend to loan you money they don’t have.

[veracious]

Ah, that's is not true. I was pretty sure that was _where_ you were coming from. -Reserve- banks create loans out-of-thin-air. You can chose to believe in imagery or look behind the veil.

[Toddsterpatriot]

If they create money out of thin ai
r, they have it to lend. As shown by the check not bouncing.

[kanawa]

With a population of only 28,403, this will hit Leamington hard.