We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
General Mills Inc | NYSE:GIS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.74 | -1.05% | 69.91 | 70.57 | 69.43 | 70.53 | 3,435,039 | 01:00:00 |
General Mills Inc. said between 400 and 600 jobs would be eliminated in a restructuring as the struggling food giant works to adapt to changing food trends and prepare for an eventual new leader.
The round of job cuts is just the latest from General Mills, which has had to close factories and outlined plans to cut about 5,000 jobs—more than a tenth of its workforce—since September 2014.
General Mills said it is bringing in "external expertise" in the areas of strategic revenue management, e-commerce and marketing. It also said it is looking for a new chief marketing officer.
The company recently announced that Chief Operating Officer Jeff Harmening, who the Wall Street Journal reported in August is being groomed for the eventual chief executive role, was taking over the COO role for the entire company. Four business groups will report directly to Mr. Harmening.
In its latest quarter, General Mills said in September that sales fell 7% as its yogurt business plunged in the U.S., as shoppers traded Yoplait for Greek-style brands.
Shares of General Mills were flat in morning trading.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
December 05, 2016 11:45 ET (16:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year General Mills Chart |
1 Month General Mills Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions