World News
Cargill Plans 5% Cut to Global Workforce: Report
Tuesday December 3, 2024
Global commodity trading firm Cargill is reportedly planning about 5% cuts to its global workforce, with the majority of the redundancies taking place this financial year.
The company plans to cut about 5% of its 164,000 employees around the world as part of its 2030 strategy, news agency Bloomberg reported on Monday, citing an internal memo. The majority of the reductions are expected to take place this financial year.
The reductions will not include its executive team, but will include senior leaders at the next level down, according to the report.
The firm made a profit of $2.48 billion in the last financial year.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 551.00 | 2.00 | 663.00 | 5.50 |
| Rotterdam | 499.50 | 4.00 | 650.00 | 3.00 |
| Houston | 549.00 | 0.50 | 677.00 | 0.50 |
| Fujairah | 545.50 | 1.00 | 747.00 | 1.00 |
| Global 20 Ports Average | 577.50 | 1.00 | 759.00 | 0.50 |
| Global 4 Ports Average | 536.00 | 0.50 | 684.50 | 2.00 |
| Global Average Bunker Price | 623.50 | 1.00 | 808.50 | 5.50 |
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