General Mills to Reduce Workforce by 850 Worldwide
As part of a restructuring plan with savings going toward new product creation
General Mills Inc. is cutting 850 jobs as part of a restructuring plan, with savings going toward ramping up the creation of new products and other strategies to try to spark growth in a packaged-food industry starving for some.
The job cuts amount to about 2.4% of General Mills' global workforce of 35,000. Administrative and support positions will be most affected, General Mills spokeswoman Kirstie Foster said, and roughly half of the cuts will be in Minneapolis, where General Mills is based.
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