Heinz shareholders re-elect Peltz

The activist investor Nelson Peltz has been re-elected by Heinz shareholders at the food group's annual shareholders' meeting.

16 August 2007 / Source: just-food.com

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Heinz closes HP sauce factory

On Friday, 16 March, the last bottle of HP sauce to be made in the UK rolled off the production line, marking the end of 108 years of sauce-making at the factory in Aston Cross, Birmingham.

16 March 2007 / Source: Birmingham Post

Heinz_swine.jpeg

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Nelson Peltz joins the Heinz Board

HJ Heinz has downplayed the differences between company management and the two dissident shareholders, Nelson Peltz and his ally Michael F. Weinstein, who were officially elected to the board of directors on Friday (15 September). However, analysts have expressed concern that the additions to the board could cause the US ketchup giant to alter its financial strategy.

18 September 2006 / Source: just-food.com

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Heinz Announces Preliminary Board Election Results

Heinz announced on September 8 that the preliminary results of the proxy vote indicate that Heinz management has retained ten of the 12 seats on its board of directors.

11 September 2006 / Source: just-food.com

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Heinz confirms closure of HP Sauce factory

Heinz management confirmed the closure of the Birmingham HP sauce factory to a meeting of shop stewards and union officers on August 23.

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Heinz directors face stormy AGM

H J Heinz faces battles on two fronts today as shareholders meet in Pittsburgh for a stormy annual general meeting.

Unions are threatening a boycott of products in a campaign against Heinz's pounds 190 million cost-cutting programme which will see 2,700 jobs lost, including 125 at the HP Sauce factory in Birmingham.

Aug 16, 2006 - The Birmingham Post, Author: John Cranage Business Staff

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Article on Nelson Peltz and Trian

The New York Times
July 27, 2006 Thursday

HEADLINE: Raider in a Bruising Fight With Heinz
BYLINE: By ANDREW ROSS SORKIN
IMAGE: Trian Partners' founders Peter W. May, left, Nelson Peltz, center, and Ed Garden


Nelson Peltz was agitated.

In three decades as an activist investor -- or to others, corporate raider -- Mr. Peltz has been called many things, but he was clearly flustered in a recent phone interview when told that the chief executive of Heinz had accused him of copying his own strategy for the company from Heinz's overhaul plan.

''He said what?'' Mr. Peltz asked incredulously. ''That is a 100 percent lie. I'll put my hand on the Bible. It gets my heart racing. They're just so desperate.''

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UK and Dutch Heinz workers meet

On July 12, a delegation from the British Transport and General Workers Union (T&G) travelled to the Netherlands to seek support from their Dutch comrades regarding the proposed closure of the HP sauce factory in Birmingham and the transfer of production to the Heinz ketchup factory in the town of Elst in the Netherlands.

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Heinz boardroom hots up as AGM approaches

In the build-up to the group’s AGM in August, the boardroom battle at US food company HJ Heinz is heating up. On 10 July the company filed its definitive proxy statement with the Securities and Exchange Commission, urging shareholders to re-elect the current board of directors and reject the nominees of Nelson Peltz and the Trian Group which itself has contacted shareholders with its formal proposals.

We invite comments from unions representing Heinz employees on how to best defend the interests of workers in this situation.

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UK & Dutch unions discuss Heinz’s plan to move HP Sauce

Tomorrow, IUF/EFFAT affiliates from the UK and the Netherlands will meet to talk about Heinz’s plan to move production of HP sauce, despite management claims to the contrary.

A delegation from the UK trade union T&G will meet with their Dutch counterparts in FNV BG and CNV tomorrow, 12th July, at the Heinz plant in Elst, near Arnhem. The meeting was originally set up as part of the campaign to keep open the HP sauce factory in Aston Cross, Birmingham. More recent announcements of restructuring in Heinz mean that they will also discus plans to set up an EFFAT trade union coordination group for Heinz.

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Recent Entries
Heinz shareholders re-elect Peltz
Heinz closes HP sauce factory
Nelson Peltz joins the Heinz Board
Heinz Announces Preliminary Board Election Results
Heinz confirms closure of HP Sauce factory
Heinz directors face stormy AGM
Article on Nelson Peltz and Trian
UK and Dutch Heinz workers meet
Heinz boardroom hots up as AGM approaches
UK & Dutch unions discuss Heinz’s plan to move HP Sauce