Cargill to terminate about 475 employees in Minnesota-January 2024-www.financetom.com

Cargill to terminate about 475 employees in Minnesota

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Cargill to terminate about 475 employees in Minnesota

Dec 3, 2024 7:37 AM

CHICAGO, Dec 3 (Reuters) - Global trading house Cargill

has told Minnesota it will permanently lay off about 475

employees from facilities in the state starting on Feb. 5,

Minnesota's State Rapid Response Team said on Tuesday.

Cargill said it plans to cut around 5% of its staff after

revenue slumped in its most recent fiscal year as crop prices

hit multi-year lows.

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