General Mills to close plants, cut 500-plus jobs, in Calif., Mass.
Published 10:14 am Friday, September 19, 2014
By Tom Webb
Pioneer Press, St. Paul, Minn.
General Mills said Thursday it planned to close two manufacturing plants, as it seeks to cut costs.
The Golden Valley-based food maker said it will close a yogurt manufacturing plant in Methuen, Mass., and a cereal manufacturing plant in Lodi, Calif.
The moves will eliminate a total of 574 employees, the company said.
The Lodi plant closure, however, is listed by General Mills as a preliminary decision, and is subject to negotiations with union officials.
On Wednesday, General Mills reported weaker-than-expected financial results, and announced a new round of corporate cost-cutting.
Shares rose 39 cent to $51.22 Thursday.
—Distributed by MCT Information Services
