General Mills Says It Approved Restructuring Plan
May 06 2021 - 7:55AM
Dow Jones News
By Micah Maidenberg
General Mills Inc. said it agreed to restructure operations in
an effort to better match resources with its strategic plans.
The maker of Cheerios, Nature Valley granola bars and many other
packaged food items on Thursday said it couldn't yet estimate how
much the changes may cost, in terms of charges to be incurred.
A spokeswoman for General Mills couldn't immediately be reached
for comment.
General Mills, like other food manufacturers, saw stronger
demand last year, as the Covid-19 pandemic resulted in consumers
eating more food at their homes and restaurants temporarily
shutting down dining rooms.
The Minneapolis-based company disclosed it could carry out
restructuring efforts in a securities filing. Those changes were
approved on May 5, General Mills said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
May 06, 2021 08:40 ET (12:40 GMT)
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