GOLDEN VALLEY, Minn. – General Mills is preparing to make what could be a sizable number of layoffs as it prepares for a $130 million “Transformation.”
The Golden Valley-based food giant, which counts Cheerios, Pillsbury and Betty Crocker among its best-known brand names, submitted a filing to the securities and exchange commission this week in which it revealed it had approved a “multi-year global transformation initiative.”
There are no specific figures for potential layoffs or where they will occur. General Mills is the 37th biggest employer in Minnesota with an estimated 3,500 workers, according to state figures.
Comments