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UPDATE 1-General Mills to cut jobs under new restructuring plan

2015-06-25 15:53:52| Agriculture - Topix.net

General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. The company, like rivals ConAgra Foods Inc and Campbell Soup Co, has been struggling with sluggish U.S. sales of cereals and frozen foods as consumers shift to foods perceived as healthier.

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