General Mills to cut more jobs

Brian Edwards

Slow international sales have General Mills set for another round of job cuts, reports the Pioneer Press.


Over 725 employees will be cut worldwide and 20 of those cuts will be employees from the Minnesota headquarters, according to Minnesota Public Radio News.


The cuts will cost General Milles between $57 million and $62 million, but will save the company $45 million to $50 million in subsequent years, reports MPR.


Earlier this year, the company announced it would close two factories, while expanding another, according to the Star Tribune.


General Mills has worked to expand internationally in the past few years with its acquisitions of Yoplait in 2011 and Yoki in 2013, reports the Pioneer Press.


Other food companies in the U.S. have had down years as well, struggling with Americans who are becoming more health-conscious, reports The Wall Street Journal.

General Mills plans to release its 2015 fiscal results on Wednesday, according to the Wall Street Journal.