General Mills Cutting Up to 600 Jobs in Restructure Effort
December 5, 2016
A new effort to restructure the global organization of General Mills will result in the loss of 400 to 600 jobs across the food company’s global footprint in a bid to drive growth, the Minneapolis, MN-based company announced Monday by press release.
General Mills said it will “augment its current talent with external expertise” in strategic revenue management (SRM), e-commerce, and marketing innovation functions. It is unclear if the number of positions slated to be cut are involved in these areas of General Mills’ operations.
Since September 2014 the food company has indicated that it plans to shutter some factories and reduce its workforce by about a tenth, or about 5000 jobs, The Wall Street Journal reported.
As of Jan. 1, 2017, four business groups – North American Retail (U.S. Retail & Canada), Europe & Australia, Asia & Latin America, and Convenience Stores & Food Service – and their respective group presidents will report to Jeff Harmening, president and chief operating officer leading global operations. General Mills said it is cutting the position of international chief operating officer under the plan.
The Journal reported in August that Harmering, who recently assumed the role of COO, is “being groomed” for a chief executive position. A search for a new global CMO/Marketing Innovation Leader is also being conducted, the company said.
The restructure effort also includes a push to integrate the food company’s France-based dairy strategic brand unit (SBU) into the new global organizational structure. General Mills is the second largest provider of yogurt and premium ice cream in the world.
For related articles, news, and equipment reviews, visit our Equipment Zones
You May Also Like