About 100 people working at Pinnacle Foods, Inc. in Boulder are being laid off by the parent company Conagra Brands, Inc., which acquired Pinnacle for more than $10 billion last year.
Comment! It's anonymous! Post information you know, rumors you heard, your experiences, or contribute to the discussion by answering or asking about layoffs at ConAgra Foods Inc.. The comment form is located near the bottom of the page.
Topics regarding layoffs at ConAgra Foods Inc.
It is inconceivable to me how a competent Board of Directors could continue to support a CEO like Connally who, through his decisions, has driven the stock to lose almost half its value in 52 weeks.
It has been about a month since the last earnings report for Conagra Brands. Shares have lost about 11.2% in that time frame, underperforming the S&P 500.
And there is no reason to believe it will rebound. https://www.fool.com/investing/2018/12/30/why-conagra-brands-has-turned-into-a-terrible-inve.aspx
Conagra Brands. We’ll find out this year if Sean Connolly really has solved the growth challenge confounding packaged-foods CEOs around the world. Chicago-based Conagra’s CEO won applause early last year when he managed to coax 3 percent growth (yes... read more
Só who are the real winners in regards to ConAgra in 2018. It certainly is not any regular investors in ConAgra stock. Nor the employees. They got hosed. And will continue to be hosed this year. Hint: it is the people who remarkably sold massive... read more
Happy New Year to all Ex-Cons (and soon to be Ex-Cons). Happy New Year even to those Trolls who seem to think everything is still wonderful at ConAgra.
Apparently the previous poster is living under a rock and is unaware that the ENTIRE STOCK MARKET is tanking, not just his little fishbowl world. MANY companies are down 50% in the past 3-6 months and some are big names. Amazon itself has been... read more
It has only been a week since Conagra Brands, Inc. CAG released its second-quarter fiscal 2019 results, and its shares have already plummeted 26.3%. In fact, the stock has lost close to 42% this year, wider than the industry’s decline of 22%.
Conagra told analysts that Pinnacle's challenges are "largely self-inflicted due to subpar innovation and executional missteps." Another words Sean really made a BIG mistake!!!
Shares of Conagra Foods nosedived 17 percent Thursday, hitting a 52-week low, after the company missed revenue estimates. The company's stock is down 35 percent so far this year. Great job, Sean.
500 people kicked to the door by Sean. https://www.nj.com//business/2018/12/500-nj-workers-face-layoffs-as-maker-of-healthy-choice-hunts-closes-2-facilities.html
Anyone else gone through Hell dealing with the ConAgra Retiree Service Center?
Shares of Conagra Brands, Inc. ( CAG ) continue to see considerable weakness in afternoon trading on Wednesday after coming under pressure early in the session. After hitting its lowest intraday level in over a year, Conagra is currently down by 7.1... read more
They make full automation project. They claim more production. Actually they did rough poor work. So they push to make more. They just want to polish their balance book.
Chicago residents, meanwhile, owe an average tax burden of $36,000. That’s due to the Windy City’s liabilities of $42 billion, compared to just $9.5 billion in assets. Chicago, too, defers recognizing gains from OPEB assumptions, which leads to the... read more
2.4 million cases of Duncan Hinds cake mixes recalled!! Another brilliant purchase by a ConAgra CEO.
The longer I work at ConAgra the more I have come to detest working with the young and brainless twits Sean and company are hiring. They can't even write a coherent e-mail or memo. Where do these id--ts come from?
And California is just the beginning!! And what will Sean do? http://www.forbes.com/sites/legalnewsline/2018/10/31/attack-on-paint-industry-spreads-to-pennsylvania-sherwin-williams-asks-judge-for-help/ Attack On Paint Industry Spreads To... read more
If the market makes a turn soon, do you think there will be ConAgra Foods Layoffs in 2019?
“For our company, we’re going to be focused on integrating this very well, focused on paying down debt and deleveraging," Connolly said earlier this month. “ Sean Connolly. Translation: Here come more layoffs.
The Supreme Court on Monday dealt a defeat to business groups in a closely watched California case, rejecting appeals of a ruling that requires former makers of lead paint to pay $400 million or more to clean up old homes. Business lawyers said they... read more
According to the Mercatus Center at George Mason University the worst-run states are, in order starting from the bottom: Illinois, Connecticut, New Jersey, Massachusetts, and Kentucky. The five best-run states are, in order: Nebraska, South Dakota... read more
Conagra shares tumble 6 percent on earnings miss
Another terrible day to be an employee. They announced more outsourcing. This time it is the customer service folks. They keep cutting in Omaha and there won’t be much left. People are walking around worried about who is next.
“The industry is not creating big ideas like it used to,” said Gary Stibel, founder and chief executive of New England Consulting Group. “There are line extensions du jour, but there are no major new innovations. In terms of advertising messaging... read more
Chicago’s unfunded pension liability has actually dropped to just $28 billion, after hitting $35 billion in 2017. Great move Sean.
Anyone else think the rambling posts below are all posted by one disgruntled nut job? 🤷🏼♂️
Pinnacle Foods Inc. (PF) Buyer: Conagra Brands, Inc. (CAG) Pursuant to the proposed transaction, announced on June 27, 2018 and valued at approximately $10.9 billion, Pinnacle Foods stockholders will receive $43.11 and 0.6494 shares of Conagra common... read more
NEW YORK, July 09, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following,Pinnacle Foods Inc. (PF)... read more
Sean intentionally diluted stock value to purchase pinnacle. Stole the crisp stock from the employee benefit when ethically it wasn't his to take. This guy is a thief without morals. The investors are s---ers that will get undermined in the future... read more
Conagra is closing Boomchickapop's Minneapolis headquarters and moving the work to its Chicago and Omaha offices. Packaged foods giant Conagra Brands Inc. bought Angie's Artisan Treats and its popular Boomchickapop popcorn brand in September for $250... read more
ts $8.1 billion cash and stock deal to buy Pinnacle Foods Inc. isn’t sitting well with investors, who drove the food giant’s shares down the most in 1 1/2 years on Wednesday. Some may see the accord as too expensive even as it bolsters Conagra’s... read more
Goodbye Omaha!! The plans for Sean’s waterfront development in Omaha were very strange. They planned tall buildings elsewhere but left the 2 story Conagra buildings in place. Looked absolutely stupid from a property usage level. Prediction: By 2020... read more
I received the letter in late May regarding a class action against Conagra Foods for the two locations in California, I'm seeking the law firms info to contact them. Hoping someone on here has that info, can't find anything online other than article... read more
It seems that Sean’s ego driven push to purchase Pinnacle Foods is following the exact same scenario as our late illustrious CEO Gary Rodkin did with RalCorp. At what cost to Conagra Brand’s employees? Get ready for more layoffs people... read more
A ConAgra Brands Inc. pension plan and two of its administrative committees were hit with a proposed class action in Idaho federal court on Monday claiming that they deducted too much from pensioners' retirement benefits and breached their fiduciary... read more
And Snack Pack Unicorn Pudding is the best idea our Marketing geniuses can come up with? Really???? Seanagra is doomed!!!
So how many layoffs will occur at Sandwich Bros now that Sean has bought them?
I’ve been out of the company for 5 years. Do they still operate an air transportation fleet with their own private aircraft or did Sean get rid of it? How about that fancy hangar in Omaha, is it still used as well? I couldn’t imagine Sean using... read more