28 June 2015
The General Mills announced its plan to “cut” 675 to 725 jobs in order to increase its international sales and reduce administrative costs.
The food company, which has its base in Minnesota in the United States, estimates that will show costs for restructuring, which will range between 57 and 62 million US dollars.
According to the same estimates, the restructuring plan, called Project Compass, will be completed in early 2017, while these actions is expected to save around 45-50000000 dollars.
Note that in January the company announced its decision to proceed to the closure of two factories in the US, which had resulted in the loss of 500 jobs.