Dive Summary:
- ConAgra has filed a Worker Adjustment and Retraining Notification Act (WARN) notice in the state of Missouri saying it will lay off 50 employees by the end of July.
- After acquiring St. Louis-based private label food manufacturer Ralcorp for $6.8 billion, ConAgra indicated it would keep Ralcorp's downtown St. Louis office, where there are 500 employees.
From the article:
ConAgra officials said Thursday that they expect cost savings from the Ralcorp acquisition to reach $300 million by 2017, up from estimates of $225 million in savings.
