General Mills plans to shutter two more North American factories, shedding another 500 or so jobs.
The planned closures, in New Albany, Ind., and Midland, Ontario, are part of a cost-cutting program General Mills initiated last fall to counter weak conditions in the food industry.
The Golden Valley, Minn.-based company said Thursday that it has made a “preliminary” decision to close its refrigerated baked goods plant in New Albany, which employs about 400.
The decision is subject to negotiation with union officials. If it becomes final, the company expects the plant would close in mid-2016. Mills has operated the factory since 1959.
The Midland plant, which the company has operated since 1952, is slated to close in mid-2016. Its roughly 100 employees will receive severance, the company said.
In October, General Mills said it would close a cereal plant in California and a yogurt operation in Massachusetts, erasing about 575 jobs.