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General Mills planning workforce reduction

2015-06-26 19:48:56| Agriculture - Topix.net

MINNEAPOLIS, MINNESOTA, U.S. General Mills expects to reduce its workforce by 675 to 725 positions as part of Project Compass, a restructuring plan designed to accelerate long-term growth in the company's International segment, according to a Form 8-K filed June 25 with the U.S. Securities and Exchange Commission. Minneapolis-based General Mills expects the restructuring actions will save $45 million to $50 million annually.

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General Mills to slash up to 725 jobs

2015-06-25 17:45:06| Food - Topix.net

The maker of Cheerios, Yoplait and Progresso said Thursday that it will record pre-tax costs of about $57 million to $62 million, mostly for employee termination benefits. Along with other packaged food makers like Kellogg and Campbell Soup, General Mills Inc. has slashed costs to offset slowing sales growth.

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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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As Tastes Shift, Food Giant General Mills Gets A Makeover

2015-06-24 02:05:17| Food - Topix.net

Product developer Erin Schutt was part of a team that came up with a new line of frozen vegetables for General Mills' Green Giant brand. It's not just the Lucky Charms that are getting a makeove r at General Mills.

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