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H.J. Heinz Co. Planning More Plant Closures (NYSE: HNZ)
Due to a drop in fiscal second quarter earnings, the H.J. Heinz Co. has announced plans to close more plants. To reduce overhead, the company closed four plants in the first quarter of the year and has plans to close three more plants in the coming months. The sites of those closures have not been identified.
The 5.7% drop in earnings was attributed to weaker North American consumer sales that...