General Mills Restructuring Plan Cuts Hundreds Of Jobs
General Mills is reconfiguring its global organization structure in a move that will “impact” 400 to 600 jobs worldwide.
The Golden Valley-based food giant said it was eliminating the international chief operating officer position, with Jeff Harmening assuming the role of president and chief operating officer. As part of the restructuring, four business groups will report directly to Harmening as of January 1, 2017. Those groups are North America Retail (led by Jon Nudi), Europe & Australia (Bethany Quam), Asia & Latin America (Christina Law) and Convenience Stores & Foodservice (Shawn O’Grady).
“We continue to prioritize growth and returns,” Harmening said in a statement. “The structural changes announced today will help us unlock global growth opportunities and go after them by efficiently restructuring our teams and processes.”
General Mills didn't specify where any job cuts or changes would occur.
In the same announcement, the company said it was realigning its dairy division to work with the new structure. General Mills holds the No. 2 position for yogurt worldwide.
TCB examined the changes General Mills is making both at the corporate level and its food offerings in our March 2016 issue.