Conagra laying off 100 at Pinnacle Foods in Boulder
By Pratik Joshi, Daily Camera (CO)
About 100 people working at Pinnacle Foods, Inc., in Boulder will be laid off by the parent company Conagra Brands, Inc., which acquired Pinnacle for more than $10 billion last year.
A worker readjustment and retraining notice posted Tuesday on the Colorado Department of Labor and Employment website mentioned the closure of Boulder facility and the number of employees being terminated from May 24 through March 20, 2020.
Pinnacle's portfolio of frozen, refrigerated and shelf-stable products includes brands such as Birds Eye, Duncan Hines, Earth Balance, Erin's, Hawaiian Kettle Style Potato Chips, and Vlasic, among others. Also part of Pinnacle is Boulder Brands, whose lines Evol, Udi's, Gardein and Glutino focus on natural, gluten-free, meat-free and vegan ingredients and offerings.
These brands will continue to be managed by Conagra Brands, but the corporate umbrella name Boulder Brands will be dropped.
Mike Cummins, vice president, communications of Conagra, in an email wrote the closure of the Boulder operations are part of efforts "to integrate and build the Boulder-based brands in the Conagra way of innovation, development, brand building and business process." It follows a data-based analysis by Conagra for success, he said.
"This requires everyone being in the same location so that we can work fast and efficiently, share ideas for innovation in real-time and build our brands with each other. We've had success with this approach on smaller brands like Angie's, BOOMCHICKAPOP, BIGS and Duke's, as well as larger brands like Healthy Choice and Marie Callender's, and we're confident we can do the same for the Boulder portfolio. As a result, we've decided to close the Boulder office location by the end of 2019," Cummins said.
Conagra is helping Boulder employees explore potential options, he said.
"Many employees will have an opportunity to remain with Conagra and relocate to work out of one of its other office locations in Omaha or Chicago. Employees not continuing with Conagra will receive severance pay and outplacement support," Cummins said...
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