General Mills said Thursday it planned to close two manufacturing plants, as it seeks to cut costs.
The Golden Valley-based food maker said it will close a yogurt manufacturing plant in Methuen, Mass., and a cereal manufacturing plant in Lodi, Calif.
The moves will eliminate a total of 574 employees, the company said.
The Lodi plant closure, however, is listed by General Mills as a preliminary decision, and is subject to negotiations with union officials.
On Wednesday, General Mills reported weaker-than-expected financial results, and announced a new round of corporate cost-cutting.
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Shares were flat at $51.13 in afternoon trading Thursday.
