Multinational food corporation Cargill announced plans to cut approximately five percent of its workforce, which equates to about 8,000 jobs globally. The cuts are part of a long-term strategy to evolve and strengthen the company's portfolio.
The company, which operates in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec and Ontario, plans to cut five per cent of its global workforce .The Cargill beef plant in High River, Alta., which employs roughly 2,200 workers and processes about 4,700 head of cattle per day. Multinational food corporation Cargill said on Tuesday it plans to cut roughly five per cent of its staff, or about 8,000 jobs.
"To strengthen Cargill's impact, we must realign our talent and resources to align with our strategy. Unfortunately, that means reducing our global workforce by approximately five per cent," Cargill's statement said. Most of the company's job cuts will occur this year, Cargill president and CEO Brian Sikes said in a memo that was reviewed and reported on by Reuters on Tuesday. The company will try to keep the impact of cuts to its operations and frontline teams to a minimum, the memo added. The company is not sharing specific layoff numbers by country or location.
Cargill Job Cuts Global Workforce Food Corporation Business Strategy
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