All indications are that CBAD is soon to be sold to anyone stupid enough to pay top dollar for it. Almost zero Marketing support for this product line.
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Topics regarding layoffs at ConAgra Foods Inc.
It looks like our brilliant CEO (insert laugh track here) is going after Pinnacle Foods for the third time. Failed at Hillshire Farms and failed already once at Seanagra. It takes a Huge uncontrolled ego and a special kind of stupid to keep going... read more
The study ranks each US state’s financial health based on short- and long-term debt and other key fiscal obligations, such as unfunded pensions and healthcare benefits. https://www.mercatus.org/statefiscalrankings
Conagra Brands is down 11.73 percent. The Chicago-based maker of grocery staples such as Chef Boyardee canned pasta and Healthy Choice entrees is shedding low-margin businesses such as wholesale spices and cooking oil and ending cheap grocery... read more
Illinois politicians have hit their citizens with a $5 billion, 32 percent tax increase. Don't give a damn that your employees are getting hosed every day, do you Sean? But hey. Your bonuses are great aren't they?
Any word on new layoffs?
And with Sean's BS shares fall 3.5 percent.
Bonus payouts are at 122% this year. How long do you think this will last?
Illinois is starving state colleges and universities - CNN Money https://apple.news/AVrf18I8sTJu_LymMWVmtiw
How Illinois became America's most messed-up state - CNN Money https://apple.news/Ahy8v9VMLSZ2HJGTe8bNmFQ
Since sales for CBAD went up rumors have it that the Chef is on the block to be sold to whoever Sean thinks is stupid enough to pay too much for it.
So our great leaders increase stock value by forcing the employees to sell their stock back to Seanagra . So much valuing your employees vwhat a joke.
Analysts covering Conagra expect the company to post sales of $1.9 Billion in fiscal 4Q17, which would be a fall of 34% YoY ( year-over-year). Worried yet Sean or are you still drinking the purple kool-aid?
Read it here. http://www.thefiscaltimes.com/2017/06/12/Could-Illinois-Be-First-State-Go-Bankrupt Way to go Sean.
I note they sold the BRAND not the Memphis Refinery. So they will layoff the entire workforce at Memphis. If I worked at Memphis I would find a new job as soon as possible since you will have no idea when they will eliminate your job. Another job... read more
Just like Rodkin Sean tries to once again buy a company he failed to purchase the first time around. That being Pinnacle Foods. Although Sean failed this time, it takes a special kind of stupid to try the same thing all over again. But we already... read more
Conagra Brands is recalling approximately 700,125 pounds of spaghetti and meatball products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service announced Staurday. The products contain... read more
Moves to America's Failing State! http://www.politico.com/story/2017/06/10/illinois-debt-deficit-budget-election-239384 llinois has compiled $14.6 billion in unpaid bills. It’s running a deficit of $6 billion and its pension liability has soared to... read more
Verified in the media. Up to 150 third shift workers will lose their jobs this year at Milton. Sales must be tanking for CBAD. Anyone surprised??
Só far this year 2017 S&P 500 up 8% Pinnacle Foods up 24% Conagra Brands up 0.9% By any measurement Sean CONnolly's Leadership has been an abject failure. Maybe Pinnacle Foods should make an offer for ConAgra!
According to news reports ConAgra is looking at purchasing Pinnacle foods in an panicked attempt to boost falling sales that are now firmly in negative territory. This is sure to result in significant headcount reduction ( a polite way of saying get... read more
Every location in the conga empire will feel the pain and some locations will be closed as we were told at chef Boyardee in Milton. We were told there will be 140 hr and 20 salary layoffs in the next few months as the next phase of savings kicks in... read more
The first of the core Brands, Wesson, is being sold to Smucker's. Any word on the number of people being laid off? And which Brand is next?
Enjoy your "Summer Hours". It maybe the last one.
http://www.chicagotribune.com/business/ct-conagra-tax-credits-0521-biz-20170520-story.html How nice Sean!
ConAgra Foods Inc lies in the middle of a weak falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.5% during the next 3 months and, with 90% probability... read more
can anyone post update on the layoffs that are occurring today? have heard it includes high up mgmt. in brand.
Since cag moved to chicago, have not bought a single cag product.
http://www.3newsnow.com/news/national/banquet-chicken-nugget-meals-recalled Another National Recall. How is that gutting your your Food Safety Team working out for you Sean?
Starting this summer, Connolly expects sales to start to grow again, and in 2019 and 2020, investors can expect growth to accelerate, which will have all the more impact on profits because the company has cut costs, he says.
There are rumors of sales of frozen brands and possible plant closures.
70+ laid off. Source: http://www.edd.ca.gov/jobs_and_training/warn/WARN-Report-for-7-1-2016-to-03-25-2017.pdf
The financial footing and credit ratings for the nation’s third-largest city (Chicago) have slipped precipitously as its unfunded pension liabilities grew to $33.8 billion for Chicago’s four retirement systems in the most recent accounting. Way to go... read more
Word in the area of Milton pa that mass layoff at the chef plant due to brand failure ,anyone have any info on this? Be a shame, 80yr brand destroyed by Conagra if true.
My is for a very small amount
2017 will be an interesting year - they already have a thread on this topic: @LUWmHv5 or www.thelayoff.com/t/LUWmHv5
At my local grocery store I have noticed ConAgra Frozen Products lines with incredible discounts. Even their premium products. What is going on?
I have been told the ConAgra has been laying off individuals one at a time to avoid any required public notice. Any truth to this?