Cargill to cut 2,000 workers - Bring Me The News

Cargill to cut 2,000 workers

The Wayzata-based agribusiness employs 6,600 employees in Minnesota, and although the cuts are not focused in any one area, Cargill won't say how many Minnesota workers will be laid off.
Author:
Publish date:

The Wayzata-based agribusiness employs 6,600 employees in Minnesota, and although the cuts are not focused in any one area, Cargill won't say how many Minnesota workers will be laid off.

Next Up

Related

Cargill to open $250 million chicken broiler in China

Wayzata-based Cargill Inc. says the company plans to operate one the largest poultry broiler production facilities in China next year. The facility currently under construction will raise 65 million birds a year. Cargill invested $250 million into the plant. China's poultry industry is rapidly expanding with annual growth at 5 to 6 percent.

Cargill seeks greener ships for bluer oceans

The Minnesota agribusiness giant is one of the world's biggest shippers of agricultural products, and it has started rating ocean-going vessels for fuel efficiency, the Star Tribune reports. The company vows to avoid use of high-polluting vessels, and officials say that won't get in the way of profits.

Cargill CFO steps down, cites 'personal reasons'

Minnesota-based Cargill's Chief Finanical Officer Sergio Rial plans to leave the company at the end of November after just 16 months in the position, the company said Friday. He plans to return to his native Brazil for "personal reasons." Sudden exits of top executives at the company are unusual, the Star Tribune reports. Rial, 52

Cargill to invest nearly $400 million in Africa

Bloomberg News is reporting Cargill Inc. plans to develop industrial palm-oil plantations and processing facilities in Ivory Coast within five years. The Minnetonka-based agribusiness giant may invest $380 million in the project. Cargill is one of the biggest cocoa exporters in the West African nation, the world’s top grower of the crop.

Cargill claims to be victim in fraud scheme

Minnetonka-based Cargill Inc., one of the world's largest commodities traders, claims in a new lawsuit that it was duped in a business fraud that involves the sale of fake renewable energy credits, the Star Tribune reports. The company says it arranged to buy 1.2 million biodiesel credits from a New York broker in 2010, and learned later the credits were invalid.