A union representative told Global News he has received no notice of layoffs coming to front-line production workers for Cargill in Canada.
WATCH: Agricultural powerhouse Cargill , one of the world’s biggest privately held firms with thousands of Canadian employees, is slashing its global workforce as part of a major restructuring effort. A Cargill spokesperson confirmed in a statement to Global News on Tuesday that it is set for major workforce reductions.
Derek Johnstone, spokesperson for the United Food and Commercial Workers, told Global News on Wednesday there is so far limited information about the impact of the restructuring.UFCW represents nearly 6,000 Cargill employees in Canada, Johnstone said in an interview. He added that he expects the bulk of reductions will come from managerial positions rather than anything affecting production.
Most of Cargill’s job reductions would take place this year, the company’s president and CEO, Brian Sikes, said in a memo reviewed by Reuters on Tuesday. Unlisted Cargill reported revenue of $160 billion for its 2024 fiscal year that ended in May, down from a record $177 billion in the previous year.
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