The Minneapolis Star-Tribune reported June 4 that General Mills plans to lay off up to 1,400 workers in the U.S. and Canada amid company restructuring.
In a virtual meeting, the food manufacturer reportedly said the cuts would include 700 to 800 jobs in the U.S. and 500 to 600 in Canada.
The report cited executives saying that the cuts may include up to 20% of General Mills’ 3,000 employees at its headquarters in Golden Valley, Minnesota.
In a securities filing June 4, General Mills said it expects to incur restructuring charges of about $160 million in 2021.
The restructuring actions are expected to be completed by the end of GM’s fiscal 2023 — which is May 30 of that year.
The company, which owns brands including Cheerios, Wheaties, Betty Crocker, Pillsbury, Yoplait and Häagen-Dazs, has about 35,000 total employees.
The company previously cut more than 5,000 jobs between 2014 and 2016.