BRIEF-General Mills to close snacks manufacturing facility in Marília, Brazil - SEC Filing

jueves 21 de julio de 2016 10:04 GYT
 

July 21 (Reuters) - General Mills Inc

* To eliminate excess capacity, will close snacks manufacturing facility in Marília, Brazil

* Expect closing of Vineland facility to be completed by end of 2019 with cost of about $67 million of which about $20 million will be cash

* Expect to pay about $7 million in cash related to restructuring international unit, anticipate completing actions by end of 2017

* In Q1 of fiscal 2017, General Mills announced plan to restructure certain product lines in its international segment

* Will close snacks making facility in Marília, Brazil and cease production for meals and snacks at facility in São Bernardo Do Campo, Brazil

* Will also cease production of certain underperforming snack products at facility in Nanjing, China

* In Q1 of fiscal 2017, reached a definitive agreement to sell plant in Martel, OH

* In Q1 of fiscal 2017, notified employees and union representatives at Vineland, NJ facility of tentative decision to close plant in fiscal 2018   Continuación...