On May 23rd, 150 employees of the Heinz Ketchup factory in Leamington, Ontario, were let go. At the end of June, another 350 were forced to leave. This will leave 250 working for substantially lower wages. This has come as a shock to many because the company has been there for 105 years and many have spent their whole working lives there. Ever since Warren Buffett and the Brazilian private equity firm, 3G Capital, bought Heinz in 2013, there was talk of downsizing but no one suspected how bad it would be. The plain brutal fact is that no matter how long a company may exist within capitalism, change is the constant factor according to the market and profitability and it will always be the worker who gets the worst of it. John Ayers.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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