Latest news with #HMM
Yahoo
6 days ago
- Business
- Yahoo
General Mills initiates 'transformation' programme with embedded costs
General Mills has revealed a 'global transformation' programme that will incur costs of around $130m as the US food major seeks to boost productivity. In a filing with the US Securities and Exchange Commission yesterday (27 May), the Blue Buffalo pet food and Cheerios cereals brand owner said the 'multi-year' plan was approved by management on 20 May. It is 'intended to drive increased productivity by enhancing end-to-end business processes, enabled by targeted organisational actions'. Although light on detail, the initiative comes on the back of a poor set of results reported in March for the third quarter of General Mills' current 2025 fiscal year. And the company suggested yesterday the transformation programme will be accompanied by job cuts. Sales for the period dropped 5% in organic terms, a performance the company admitted fell short of 'expectations', with volumes down four percentage points. At the same time, General Mills downgraded its full-year guidance for a flat-to-higher print confirmed at the second-quarter stage in December. The Pillsbury cookies maker now expects organic sales to be down 1.5% to 2%. General Mills said yesterday that of the expected $130m in total charges, about $70m will be booked in the fourth quarter of 2025, 'primarily reflecting severance expenses'. The Old El Paso Mexican brand owner explained in the filing: 'The company anticipates that the series of actions related to the transformation initiative will be substantially completed by the end of fiscal 2028 and will result in total charges of approximately $130 million, of which approximately $120 million will be cash.' General Mills did not reveal any further details but implied in yesterday's filings that the initiative could have more in-depth implications. 'The estimate of costs that the company expects to record, and the timing thereof, are subject to a number of assumptions and actual results may differ from current expectations,' the publicly listed business added. 'The company may also record other charges or cash expenditures not currently contemplated due to events that may occur as a result of, or associated with, the transformation initiative.' Discussing the third-quarter results in March, chairman and CEO Jeff Harmening made a pledge to reinvest $100m from targeted savings in the 2026 financial year. 'We're reviewing new cost-efficiency initiatives that are anticipated to generate at least $100 million in additional savings in fiscal '26, with further savings expected in fiscal '27 and beyond,' Harmening explained. 'Our number one priority is to accelerate our organic sales growth by delivering remarkable consumer experiences across our leading food brands, resulting in stronger volume and improved market share performance.' General Mills is on target to generate 5% in cost-of-goods sold savings in the current year through the company's Holistic Margin Management (HMM) programme and expects to repeat that in fiscal 2026, equating to more than $600m in 'gross productivity savings', Harmening said in March. "General Mills initiates 'transformation' programme with embedded costs" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
LBCI
10-05-2025
- LBCI
Paragliding fatality in Sahel Aalma: Instructor flees after man falls to death — Here's what we know so far
A tragic incident occurred during a paragliding session in Sahel Aalma, where a man fell while flying with an instructor, leading to his death. The deceased, identified as H.M.M., from Miniyeh, was on a sightseeing trip with instructor N.A.A., who works with a paragliding company operating in Jounieh and other areas. According to initial security reports obtained by LBCI, the man, H.M.M., was not properly secured after the flight took off from Harissa, causing him to fall from a high altitude above Sahel Aalma before landing. The instructor fled the scene, and security forces are actively searching for him, armed with all the preliminary information related to the incident, including the camera data that was with him. The owner of the paragliding company, S.M., has been arrested.
The Sun
24-04-2025
- Health
- The Sun
Myanmar quake: Malaysian Field Hospital treats over 500 victims
KUALA LUMPUR: More than 500 outpatients have received treatment at the Malaysian Field Hospital (HMM), operated by the Malaysian Armed Forces (ATM) in Myanmar's Sagaing district, following the powerful earthquake that struck that country on March 28. Chief of Defence Force General Datuk Mohd Nizam Jaffar said the hospital is expected to operate for one month, though the period may be extended if necessary. 'There was a slight delay in the field hospital's departure due to pending diplomatic clearance, but we eventually received the green light, and all personnel have been safely deployed,' he said. 'We are sending this HMM as part of the government's commitment to assist our ASEAN neighbours, especially as Malaysia chairs ASEAN this year,' he told reporters during the ATM Aidilfitri gathering at Wisma Perwira ATM, here today. Meanwhile, ATM Health Services director-general Lieutenant General Datuk Dr Zulkeffeli Mat Jusoh said the HMM operation, now in its third day, is progressing smoothly with strong support from the Myanmar authorities. He added that so far, the HMM has successfully performed 13 surgeries, including orthopaedic procedures for earthquake victims who suffered broken bones as a result of the disaster. 'Apart from the experts we sent, the Myanmar authorities have also contributed by providing medical experts, including gynaecologists, as well as nine translators, which I believe is a very important support,' he said. 'Alhamdulillah, the morale of our officers and personnel is very high, despite being informed that the hot weather could reach 40 degrees Celsius,' he added. On April 18, Malaysia dispatched an ATM medical team to Myanmar to carry out Operation Starlight III, a post-disaster humanitarian aid initiative. Today's Aidilfitri gathering was also attended by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, Defence Minister Datuk Seri Mohamed Khaled Nordin and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Also present were Army Chief General Tan Sri Muhammad Hafizuddeain Jantan, Royal Malaysian Navy Chief Admiral Datuk Zulhelmy Ithnain and Royal Malaysian Air Force Chief General Tan Sri Mohd Asghar Khan Goriman Khan.
The Sun
24-04-2025
- Health
- The Sun
Over 500 patients treated at Malaysian Field Hospital in Myanmar
KUALA LUMPUR: More than 500 outpatients have received treatment at the Malaysian Field Hospital (HMM), operated by the Malaysian Armed Forces (ATM) in Myanmar's Sagaing district, following the powerful earthquake that struck that country on March 28. Chief of Defence Force General Datuk Mohd Nizam Jaffar said the hospital is expected to operate for one month, though the period may be extended if necessary. 'There was a slight delay in the field hospital's departure due to pending diplomatic clearance, but we eventually received the green light, and all personnel have been safely deployed,' he said. 'We are sending this HMM as part of the government's commitment to assist our ASEAN neighbours, especially as Malaysia chairs ASEAN this year,' he told reporters during the ATM Aidilfitri gathering at Wisma Perwira ATM, here today. Meanwhile, ATM Health Services director-general Lieutenant General Datuk Dr Zulkeffeli Mat Jusoh said the HMM operation, now in its third day, is progressing smoothly with strong support from the Myanmar authorities. He added that so far, the HMM has successfully performed 13 surgeries, including orthopaedic procedures for earthquake victims who suffered broken bones as a result of the disaster. 'Apart from the experts we sent, the Myanmar authorities have also contributed by providing medical experts, including gynaecologists, as well as nine translators, which I believe is a very important support,' he said. 'Alhamdulillah, the morale of our officers and personnel is very high, despite being informed that the hot weather could reach 40 degrees Celsius,' he added. On April 18, Malaysia dispatched an ATM medical team to Myanmar to carry out Operation Starlight III, a post-disaster humanitarian aid initiative. Today's Aidilfitri gathering was also attended by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, Defence Minister Datuk Seri Mohamed Khaled Nordin and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Also present were Army Chief General Tan Sri Muhammad Hafizuddeain Jantan, Royal Malaysian Navy Chief Admiral Datuk Zulhelmy Ithnain and Royal Malaysian Air Force Chief General Tan Sri Mohd Asghar Khan Goriman Khan.
The Star
24-04-2025
- Health
- The Star
Over 500 patients treated at Malaysian field hospital in Myanmar
KUALA LUMPUR: More than 500 outpatients have received treatment at the Malaysian Field Hospital (HMM), operated by the Malaysian Armed Forces (ATM) in Myanmar's Sagaing district, following the powerful earthquake that struck that country on March 28. Chief of Defence Force General Datuk Mohd Nizam Jaffar said the hospital is expected to operate for one month, though the period may be extended if necessary. "There was a slight delay in the field hospital's departure due to pending diplomatic clearance, but we eventually received the green light, and all personnel have been safely deployed," he said. "We are sending this HMM as part of the government's commitment to assist our Asean neighbours, especially as Malaysia chairs Asean this year," he told reporters during the ATM Aidilfitri gathering at Wisma Perwira ATM, here on Thursday (April 24). Meanwhile, ATM Health Services director-general Lieutenant General Datuk Dr Zulkeffeli Mat Jusoh said the HMM operation, now in its third day, was progressing smoothly with strong support from the Myanmar authorities. He added that so far, the HMM has successfully performed 13 surgeries, including orthopaedic procedures for earthquake victims who suffered broken bones as a result of the disaster. "Apart from the experts we sent, the Myanmar authorities have also contributed by providing medical experts, including gynaecologists, as well as nine translators, which I believe is a very important support," he said. "Alhamdulillah, the morale of our officers and personnel is very high, despite being informed that the hot weather could reach 40 degrees Celsius," he added. On April 18, Malaysia dispatched an ATM medical team to Myanmar to carry out Operation Starlight III, a post-disaster humanitarian aid initiative. Thursday's Aidilfitri gathering was also attended by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, Defence Minister Datuk Seri Mohamed Khaled Nordin and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar. Also present were Army Chief General Tan Sri Muhammad Hafizuddeain Jantan, Royal Malaysian Navy Chief Admiral Datuk Zulhelmy Ithnain and Royal Malaysian Air Force Chief General Tan Sri Mohd Asghar Khan Goriman Khan. – Bernama
