Agriculture company Cargill, one of the world’s largest private companies with thousands of Canadian employees, is cutting its global workforce as part of a major restructuring effort.
For the past 160 years, Cargill has been a major food processing, merchandising and commodity trading company, with deep roots in global agricultural systems. The company has more than 160,000 employees globally and is headquartered in the state of Minnesota in the United States, but its headquarters in Canada is located in Winnipeg.
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According to Cargill’s Canadian website, the company employs nearly 8,000 people in Canada across about 70 cities.
A Cargill spokesperson confirmed in a statement to Global News on Tuesday that significant workforce reductions are planned.
“To enhance Cargill’s impact, we must realign our talent and resources to align with our strategy. Unfortunately, this means reducing our global workforce by approximately (five percent).”
Global News asked about any impacts on the Canadian side of its operations but did not receive a response.
Employees were alerted to the impending restructuring in an internal memo first obtained by Bloomberg.
More to come…
&Copy 2024 Global News, a division of Corus Entertainment Inc.
