Cargill cuts 2,000 jobs05 December 2011
Over the weekend, Cargill said it would reduce its 138,000 workforce over the next six months. The reduction in force will not be applied evenly across the company, with cuts being greater in Cargill’s poorer-performing businesses.
Of the announcement the Financial Times said, “It is too early to say whether Cargill’s bearishness is justified. But it is worth noting that Cargill is a privately-owned company – still controlled by the MacMillan and Cargill families, descendants of the founders who set up the group in 1865 – so it does not feel obliged to put as brave a face on in a bad economic environment as its publicly-listed rivals.”
Food ingredients Istanbul
Fi Asia China
Fi South America