Deals
Buffett's Omaha Gets Stung as ConAgra Follows Heinz Cutting Jobs
- Berkshire-Backed Kraft Heinz is `new benchmark,' ConAgra Says
- Omaha mayor says `very concerned' for displaced employees
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The cost-cutting zeal that Warren Buffett helped bring to the food industry is starting to hit home.
ConAgra Foods Inc. said Thursday that it’s planning to move its headquarters to Chicago from Buffett’s hometown of Omaha, Nebraska. In the process, the maker of Chef Boyardee pasta and Orville Redenbacher’s popcorn will eliminate more than half its 2,500 corporate jobs in the area.