General Mills Launches Transformation Initiative, Signals Potential Job Cuts Ahead

General Mills files for reorganization, layoffs appear likely

SEC filing reveals General Mills is planning a reorganization that includes $70M in severance costs.

Layoffs likely as General Mills announces $130 million ‘transformation’

General Mills launches transformation initiative, signals potential job cuts ahead

The food company disclosed it's beginning a multiyear "global transformation initiative" to improve productivity. It expects to record about half of the planned $130 million in charges in the fourth quarter, "primarily reflecting severance expenses."

General Mills employees brace for layoffs

Mike Hughlett at the Star Tribune reports: “Layoffs appear to be on the horizon at General Mills, though how many is uncertain.” Naasir Akailvi at KARE 11 reports: “Planned Parenthood North Central States (PPNCS) will close four Minnesota health centers as it navigates federal spending cuts.”  Katie Wermus at FOX 9 reports: “Authorities say a man strangled a St. Louis County deputy then climbed into a 30-foot tree where he stayed for hours befor…

Layoffs could be coming at General Mills

The Minnesota-based food giant announced in a federal filing a "productivity initiative" that would require a $70 million charge, mainly for severance costs.

General Mills Kicks Off Global Restructuring Initiative

General Mills, the maker of products such as Cheerios, Nature Valley, and Old El Paso, has approved a multi-year global restructuring plan that aims to boost productivity through “enhanced business processes” and “targeted organisational actions”. The initiative is expected to (more…) The post General Mills Kicks Off Global Restructuring Initiative appeared first on KamCity.