SAO PAULO (Reuters) – U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter. Chicago-based ADM said in February it would cut up to 700 jobs and reduce costs by $500 million […] Read more
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Deere cuts jobs due to weak demand
CHICAGO (Reuters) —Deere said it would cut an unspecified number of production and salaried jobs to save costs as it grapples with a downturn in farm equipment demand. The cuts will reduce “overlap and redundancy in roles and responsibilities,” Deere disclosed in a filing. The news comes weeks after the company trimmed its annual profit […] Read more
