General Mills is closing three manufacturing plants in Missouri, including a pizza crust facility and two pet food locations, as part of a restructuring initiative aimed at enhancing competitiveness. This consolidation will incur $82 million in restructuring charges, with unspecified job impacts. The company anticipates $43 million in asset write-offs and $6 million in additional costs, including severance, in the second quarter of fiscal 2026. Food and beverage companies are increasingly seeking cost-saving measures amid economic pressures, with others like PepsiCo and Conagra also announcing closures and layoffs.

Source: https://www.supplychaindive.com/news/general-mills-to-close-3-plants-as-part-of-supply-chain-resturcting/801776/