Conagra shares were down nearly 12% at $25.57 in late morning trading on the New York Stock Exchange after the Chicago-based company posted fiscal fourth-quarter adjusted net income of $175 million, or 36 cents a share, vs. $196 million, or 50 cents... — read more
Topics regarding layoffs at ConAgra Foods Inc.
It is doubtless a positive to see that the Conagra Brands, Inc. (NYSE:CAG) share price has gained some 30% in the last three months. But that cannot eclipse the less-than-impressive returns over the last three years. In fact, the share price is down... — read more
Federman & Sherwood announces that on February 22, 2019, a class action lawsuit was filed in the United States District Court for the Northern District of Illinois against Conagra Brands, Inc. (NYSE: CAG). The complaint alleges violations of federal... — read more
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.
Things are not going in the best directions at all as our sales continue to be soft and not improve. Every time something like that happens we have rather large layoffs and RIFs.
Is Conagra going to leave Omaha or layoff and workers in Omaha? Any news?
Analysts think growth is impossible, that each company effectively has 100% of their possible market share, so the focus is now on making fierce cuts to improve margins. CAG is merely following the 3G lead in this way... I think they hope to become a... — read more
Post any updates you may have. Lets see what's the final outcome of private brand, and other stuffs.
Move to Chicago is almost certain now. Things will start moving, you'll see some cleanup in the senior ranks. ConAgra has major problems and something needs to be done.
Many of the people who got CAG into this situation will remain on-board.
Everyone!! forget all BS and enjoy the beautiful holidays!! Have a great holidays, and happy thanksgiving!!!!!!!
Any guesses what the "ConAgra Way" will be?
will be good to finally get it done
We (in field sales) will have the announcement (ie call or webex from HR and your boss or something) on Jan 4th. Our last day will be Jan 15th. Funny, that is the cut off day for planning. Also, I have a new car that should be delivered the week of... — read more
We will all know soon enough. In the meantime the mature thing to do is go to work and continue to do your job. By stooping to their level you are no better. Showing and proving your worth regardless of your individual outcome will only benefit you... — read more
Severance offered based on career level from 12 to 24 weeks + 1 week for every year. Packages come with provision 50% of remaining balance paid in lump some if a new job is found. Majority of those requested to make the move to Chicago (from bot... — read more
Just came from meeting with Sean Conolly and Sam Reed (TreeHouse CEO) who all made it sound like PL people are now with TreeHouse, no question about it. Um, I have neither been offered or accepted anything from them, nor have I quit or been let go... — read more
Moral is fairy low, and so much time wasted everyday speculating on what's next,when,who. The churn this creates is crazy. I wonder the impact this will have on brands sales/plans etc that should be worked on right now and either isn't happening or... — read more
Changes over the past year have made it increasingly difficult (if not completely impossible) to find any trace of joy in the workplace. A lot lot of stress and tension is present, people are uncertain about what's going to happen. Overall, Conagra... — read more
If anyone knows any rumors or details about the sales team please post the information you know. Being stuck in limbo once again is ruining every effort people are having to stay positive. Any little information helps.
Mgmt, especially at the corporate., is clueless when it comes to what goes at plants. All they care about are their own metrics and bonuses. This drives everyone nuts. You cannot run a company like this and this will cost ConAgra big time as... — read more
Screwed up the purchase of the PL biz, lost billions cause they couldn't run the PL biz, bungled the announcement to move to Chi town, screwing up the sale of the PL biz... Is anyone surprised they are fumbling the layoffs? Dragging this out just... — read more
Things are drastically wrong at all levels of management. Certain managers emotionally abuse, intimidate, and look for ways to get rid of employees with long to years of service. And they are given free reign and applauded fod doing so. I found a... — read more
Often very unreasonable deadlines are assigned to projects without knowledge of the amount of work required and and what kind of resources and budgets are needed. Don't start me on ConAgra's "Agile" methodology, there is nothing agile about them... — read more