General Mills - closing yogurt facility

General Mills - closing yogurt facility

US food giant General Mills is to shut a yogurt manufacturing facility in Carson, California, as part of  "restructuring actions to drive efficiencies".

The Minnesota-based company, which has four yogurt brands - Yoplait, Mountain High, Liberté and Annie's - said the move will help "drive efficiencies in targeted areas of its global supply chain by consolidating production and optimising labour, logistics and manufacturing platforms".

General Mills has not said how many employees will be affected by the decision to close the Carson facility but it said it expected the closure and other efficiencies will see it "incur approximately US$130m of net expenses related to these actions, "including approximately $25m of severance and approximately $105m of other exit costs and project-related costs, primarily asset write-offs".

The company added: "We expect to pay approximately $30m of net cash related to these actions. We expect these actions to be completed by the end of fiscal 2021."