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 shows how incompetent mgt is and how little they care of their current and future employees.
4 weeks in and NY Post best describes it, death spiral. Very apt. Get your shit together CAG.
Moral is fairy low, and so much time wasted everyday spectulating 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 is half assed
If everyone just stopped going to their job and demanded an answer this would have been solved a long time ago. Revolt people!
If the PB sale fell through, would ConAgra go back to other suitors? Or is the sale now off? If so, how would that impact the SG&A efforts?
Private Brand sale fell through. Without a buyer some may see this drag on for quite awhile.
Rumor is more info will be available in November. 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 Omaha and Naperville) have turned down the offer.
Rumor is November 3rd is when most people will now their fate.
early retirement was offered and deadline is 11-30 for those decisions
Early retirement sounds like first wave of cuts