Archer Daniels Midland Company plans to cut 127 staff at its recently acquired N...
PARIS - Archer Daniels Midland Company plans to cut 127 staff at its recently acquired Neovia animal feed business in France to eradicate job duplication, the head of the group’s animal nutrition department said on Tuesday.
Chicago-based ADM took over Neovia for 1.54 billion euros this year as part of the U.S. farm giant’s strategy to expand in the fast-growing animal nutrition sector. “We will share these services within ADM, at regional and global level,” ADM Animal Nutrition President Pierre-Christophe Duprat told Reuters.
Neovia has a limited presence in North America but a large one in Europe, Southeast Asia, and Central and South America.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Archer Daniels expands flour recall to Pillsbury amid E.Coli outbreakADM Milling Co. is recalling its third brand of flour, Pillsbury, as part of an ongoing outbreak of E.coli, according to the FDA.
Read more »
One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Read more »
The Fed would be making a mistake by cutting rates this year, PNC strategist saysInvestors are holding out hope that Fed Chair Jerome Powell lays the groundwork for a rate cut as soon as July. Even just one this year would be a mistake, says Amanda Agati, co-chief investment strategist at PNC Financial.
Read more »
Goldman skeptical of 'insurance' U.S. rate cuts from FedGoldman Sachs economists said on Sunday they are skeptical of 'insurance&qu...
Read more »