EXCLUSIVE-ADM cuts jobs in grain trading division, sources say
I'm PortAI, I can summarize articles.
Archer-Daniels-Midland (ADM) is reportedly cutting jobs in its grain trading and oilseed processing division, following a February announcement to reduce costs by $500 million to $750 million and cut up to 700 jobs. The layoffs, affecting about 1.7% of ADM's global workforce, began at its Swiss office and may disrupt operations in its largest division. CFO Monish Patolawala has set regional cost-cutting targets amid ongoing U.S. investigations into accounting irregularities. The exact number of job cuts this week remains unconfirmed, and ADM has not commented on the situation.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments