According to a news release the reorganization “expects to realize at least $300-million of efficiency benefits within the next three years”. Part of that reorganization means a reduction in their workforce. They plan to eliminate 1,500 positions, or 30% of their global office-based workforce. ConAgra plans to cut about 1,000 positions at the Omaha headquarters leaving about 1,200 employees at the facility. There are nearly 900 workers at plants in Lincoln and Council Bluffs, Iowa and no changes are planned at those facilities.
In a news release today, ConAgra Foods President and CEO Sean Connolly said, “Today’s announcements are important milestones as we continue to execute against our strategic plan to build a focused, higher-margin, more contemporary and higher performing company.” Connolly added the move to Chicago will “enhance their ability to attract and retain top talent and focus on brand building and innovation.”
Omaha Mayor Jean Stothert says she had a conversation with Connolly on Wednesday and asked him directly if there was anything the city or state could do to change their direction. She was told this is not about incentives but based on the industry and the business they are in. Mayor Stothert says ConAgra Foods has been a wonderful community partner and they will continue to have a presence in the metro area.