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Kraft Heinz closing 7 factories, cutting 2,600 jobs

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Kraft Heinz announced yesterday it would close seven factories and lay off 2,600 people.

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

Michael Mullen senior vice president of corporate and government affairs, said the decision to close the factories came after "an extensive review of the Kraft Heinz North American supply chain footprint, capabilities and capacity utilization."

Read more from CNBC.

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