General Mills to cut 625 jobs by 2019 amid rising costs
According to Reuters, General Mills has announced it will cut 625 jobs by the end of 2019 as it looks to reduce costs amid slowing sales of its Yoplait yogurt, as well as rising commodity and freight expenses.
According to Reuters, General Mills has announced it will cut 625 jobs by the end of 2019 as it looks to reduce costs amid slowing sales of its Yoplait yogurt, as well as rising commodity and freight expenses.
The company, which also owns Häagen-Dazs and Betty Crocker brands, has been struggling to turn around its U.S. yogurt business as competitors such as Chobani and Danone unleash new flavors and healthier versions of yogurt.
General Mills expects total organic net sales to be in the range of flat to up 1% in 2019. Including the impact of its acquisition of pet food snacks maker Blue Buffalo, net sales are expected to rise 9%–10% from a year earlier.
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