General Mills To Cut 800 Jobs By End Of May

MarketWatch Pulse

General Mills said it expects to cut 800 jobs within in the next couple months, as part of a cost-cutting plan titled Project Catalyst. The cereal and branded foods company expects to record a $146 million charge for its plan. The company plans to complete the job by the end of fiscal 2015, which ends in May. Earlier, the company reported fiscal third-quarter profit and sales that beat expectations. The stock rose 1.8% in premarket trade.

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