The company, which produces Pillsbury products, Cheerios cereal and Green Giant vegetables, noted that the job cuts will affect mostly administrative and support positions. The job cuts account for 2.4% of the company's global workforce of 35,000 employees.
General Mills also said that it would write down some production equipment as part of the restructuring plan.
Savings from these restructuring actions will be reinvested to support the company's future growth strategies and to accelerate innovation across General Mills global business platforms.
The company noted that it will record total restructuring charges of approximately $109m, of which approximately $94m will be recorded in the fourth quarter of fiscal 2012. The remaining costs will be recorded in fiscal 2013.
General Mills stood by its earlier forecast of earnings of $2.53 to $2.55 per share for the fiscal 2012.
In March 2012, the company reported that its third-quarter net income was $391.5m, down from $392.1m a year earlier.
