CONAGRA BRANDS INC. 8-K 2010
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
ConAgra Foods, Inc.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Item 2.05 Costs Associated with Exit or Disposal Activities.
On March 3, 2010, ConAgra Foods, Inc. (the "Company") announced a plan, authorized by its Board of Directors, related to the long-term production of its meat snacks products. The plan provides for the closure of the Company’s meat snacks production facility in Garner, North Carolina, and the movement of production to the Company’s existing facility in Troy, Ohio. The Company’s Garner facility has been operating under limited production capability since June of 2009 when it was damaged in an accident. Since that time, the Troy facility has been producing a portion of the Company’s meat snack products. Upon completion of the plan’s implementation, which is expected to take 15 to 18 months, the Troy facility will be the Company’s primary meat snacks production facility. The plan is expected to result in the termination of approximately 500 employee positions in Garner and the creation of approximately 200 employee positions in Troy. The Company began notifying affected employees on March 3, 2010.
Item 2.06 Material Impairments.
The information reported under Item 2.05 regarding impairments is incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.