General Mills approves global transformation plan with $130M charges, $70M expected in Q4 FY2025

GENERAL MILLS INC

Board approved multi-year global transformation initiative to drive productivity through process enhancements and organizational actions.
Total anticipated charges of ~$130M, of which ~$120M are cash; ~$70M to be recorded in Q4 FY2025, primarily severance.
Transformation expected to be substantially completed by end of fiscal 2028.

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