General Mills Lays Off More Than 600 Employees

In this April 21, 2017, file photo, boxes of General Mills' Cheerios cereal are arranged for a photo in Surfside, Fla. General Mills Inc. reports earnings Wednesday, March 21, 2018. Photo: AP/Wilfredo Lee, File
In this April 21, 2017, file photo, boxes of General Mills' Cheerios cereal are arranged for a photo in Surfside, Fla. General Mills Inc. reports earnings Wednesday, March 21, 2018.

June 29, 2018 10:16 AM

Twin Cities-based General Mills is in the process of laying off more than 600 employees. The company said most of the layoffs had already happened.

In a recent fourth-quarter report, the company announced it approved "global cost savings initiatives designed to reduce administrative costs and align resources behind high growth initiatives."

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The move impacts around 625 employees, and General Mills will incur around $55 million in net expenses.

The company expects the process to be completed by the end of the 2019 fiscal year.

RELATED: General Mills to Purchase Blue Buffalo Pet Food for $8B

General Mills is the maker of Cheerios cereal, Yoplait yogurt and other packaged foods. 

*Editor's Note: An earlier version of this story said layoffs were expected to happen, and no layoffs would happen in Minnesota. However, General Mills clarified the majority of layoffs have already happened, and the impact by location has not been specified. The story has been updated to reflect this change.

 

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Ben Rodgers

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