General Mills Plans 700 Job Cuts

General Mills Plans 700 Job Cuts

The company earlier unveiled “Project Century,” a strategy to slash $100 million in costs.

General Mills Inc. plans to cut 700 additional jobs, just weeks after it reported a poor quarterly performance and announced it would shutter several plants.
 
The Star Tribune reports that most of the cuts will come from salaried positions in the United States, but it is currently unknown how it will impact the headquarters in Golden Valley.

On Tuesday, General Mills' chief marketing officer, Mark Addicks, announced he would retire in 2015 after 26 years with the company. Ann Simonds, president of the company's baking products division, will take his place. This September, Twin Cities Business named Addicks one of Minnesota's most successful innovators.
 
Read the full job cut story in the Star Tribune.