May 27 (Reuters) - General Mills ( GIS ) said on Tuesday

it would record a charge of about $70 million in its current

quarter, mainly reflecting severance expenses, as part of the

Cheerios cereal maker's restructuring efforts.

The company's efforts, including "targeted organizational

actions", are expected to be completed by the end of its fiscal

year 2028, it said in a regulatory filing, adding the total cost

of the restructuring would be about $130 million.

General Mills ( GIS ) did not provide further details on its

restructuring actions in the filing. The company did not

immediately respond to a Reuters request seeking more clarity.

The move comes as the company grapples with choppy demand

for its salty snacks and pet food in North America amid fierce

competition from private-label rivals. In March, the company cut

its annual sales and profit forecasts.

Previously, the company had said that it was planning new

initiatives targeting cost savings of at least $100 million in

fiscal 2026.