Heinz Wattie's says it's just not viable to continue selling frozen vegetables, Gregg's Coffee, and several dips.
It's proposing to close manufacturing facilities in Auckland, Christchurch, and Dunedin, packing operations in Hastings, and cut 350 jobs.
Managing Director Andrew Donegan says the past five years have been tough for the company.
He told Mike Hosking it includes big increases in the price of gas, energy, diesel, and coffee.
Donegan says it's meant an almost 40% increase in the cost of producing a ton of vegetables.
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