(Bloomberg) — Kraft Heinz Co., which counts Warren Buffett's Berkshire Hathaway Inc. as its largest shareholder, is pushing some of its retirees to health exchanges as the company cuts expenses.
The foodmaker is eliminating some benefits as it seeks to provide care in "the most cost-effective manner," according to a letter to retirees and their spouses dated Sept. 1, a copy of which was obtained by Bloomberg.
3G Capital, which combined H.J. Heinz and Kraft Foods Group Inc. with Buffett's backing, has been cutting jobs and office expenses to boost profits.
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