General Mills Plans to Close New Albany Plant

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General Mills Inc. (NYSE: GIS) says it plans to close its New Albany facility. The company says the move would impact about 400 employees. General Mills makes refrigerated products at the plant, including Pillsbury brand.

General Mills today announced a preliminary decision to close its manufacturing facility in New Albany, Indiana.

The decision is subject to negotiation with union officials. If the decision becomes final, the company expects the facility would close mid-calendar year 2016.

A closure would impact approximately 400 employees.

The New Albany plant manufactures refrigerated baked goods, and has been operated by General Mills since 1959.

Source: General Mills Inc.