GOLDEN VALLEY, Minn. — A document filed with the U.S. Securities and Exchange Commission suggests changes are coming at Minnesota-based General Mills, and that some of those changes include job loss.
The filing, dated May 27, 2025, includes an item listed as "Costs Associated with Exit or Disposal Activities." Under that heading, a General Mills general counsel shares that the company has approved a "multi-year global transformation" designed to increase productivity through improved business processes and targeted actions.
The transformation, according to the filing, is expected to be complete by the end of fiscal year 2028 and cost General Mills a projected $130 million. Of that cost, the company says $70 million will be recorded in the fourth quarter of 2025, "primarily reflecting sev