Kraft Heinz announced Wednesday it will move the headquarters for Oscar Mayer to Chicago in 2016.
Early next year, an estimated 250 Oscar Mayer employees will move from Madison, Wisconsin, to the new Kraft Heinz co-headquarters at the AON Center, where Kraft Heinz signed a 12.5-year lease earlier this year, according to a statement from the mayor's office.
Along with the move to Chicago, Kraft Heinz will close seven North American manufacturing facilities, including the one in Madison, according to the Chicago Tribune.
Earlier this year, Kraft Heinz announced it was cutting about 2,500 jobs to help slash costs after Kraft and Heinz combined. About 700 of those cuts were to come to Kraft's Northfield, Illinois, headquarters.
"Oscar Mayer's decision to return to Chicago is a reflection of the talent of our workforce, the strength of our world-class transportation networks and the certainty and confidence we have given businesses that invest in our city ... Oscar Mayer's move to Chicago adds to our strength as a leading destination for food companies and I look forward to watching them create more jobs for our residents and build a great future here in Chicago," Mayor Rahm Emanuel said in a statement.