General Mills Plans To Lay Off Workers
General Mills Inc. said Friday it will lay off 365 workers as part of a previously announced restructuring plan that will split the company in two.
The company is closing cereal production lines that will eliminate 250 jobs in Chicago and 15 temporary positions in Albuquerque, N.M., said company spokesman Austin Sullivan.
In addition, a snack-food factory in Covington, Ga., and a juiceproduction facility in Lodi, Calif., will each lose 50 jobs, he said.
In December, General Mills said it would split its food production and restaurant operations into two separate entities by June 1, causing one-time expenses of up to $170 million in the current quarter.