'Grainreus ADM cuts into jobs'

'Grainreus ADM cuts into jobs'

World May 4, 2017 20:09

- Grain company ADM is going to delete jobs in Europe. This means that the competitor of the merchants Bunge, Cargill and Louis Dreyfus must strengthen its profit.

That operation reports Reuters based on two sources in the talks.

ADM would intervene in Europe in production in specifically the United Kingdom, Spain, Ireland and Germany, according to Reuters.

In the Netherlands, according to company data, ADM has eight hundred employees, in Europort and in the port of Amsterdam. According to Reuters, they are not affected.\n  \n   \n    \n    \n   \n   \n   \n      \n   \n     Grain Trader ADM would once again remove jobs in Europe.\n    \n   \n     Photo: REUTERS

It would not be the first adolescent for ADM, who earlier said goodbye to its energy trading desk and closed its South African activities.

On Tuesday, topman Juan Luciano reported that most of the cost raises would be back.

ADM posted a profit increase over its first quarter compared to year-on-year. The outlook for its agricultural activities called ADM when, however, weaker than initially thought.

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