Mars Wrigley leaving Newark, cutting 307 jobs (updated)

Mars Wrigley, the company responsible for producing M&M's candy, is officially exiting Newark. This corporate move involves the closure of its Newark office, a decision that will result in the cutting of 307 jobs. While the Newark location is shutting down, WRNJ Radio reports that operations in Hackettstown are set to continue. This development marks the end of a long-term presence for the company within the city of Newark, which spanned a period of 86 years. Reporting on the exit has been widespread across regional outlets.

NJ.com and the Bergen Record both highlighted that the M&M's maker is leaving the city and cutting 307 positions. NJBIZ provided updated coverage of the job losses, while WRNJ Radio specifically clarified the distinction between the Newark closure and the continued operations in Hackettstown. The Shore News Network characterized the move as another instance of a big New Jersey-based company moving its headquarters out of the state. Context provided by the New Jersey Business & Industry Association suggests that this exit is part of a broader trend of corporate departures from the region, describing the situation as continuing New Jersey departure woes. The significance of the move is tied to both the number of affected employees and the own historical tenure of the company in Newark.

Having operated in the city for 86 years, the departure of a major brand like Mars Wrigley represents a notable shift in the local business landscape and the state's corporate retention efforts. Future developments center on the immediate impact on the 307 employees affected by the cuts and the subsequent transition of corporate functions. While the coverage confirms that Hackettstown operations will remain active, the broader trend of headquarters leaving New Jersey continues to be a point of focus for organizations like the New Jersey Business & Industry Association. Observers will likely monitor whether other facilities are impacted or if further corporate relocations follow the pattern noted by the Shore News Network.