Cargill Cutting 10 Local Jobs, Thousands Let Go Worldwide
By David Keeler
Officials at Wyalusing Township’s Cargill Meat Solutions plant confirmed that 10 employees will be let go as part of a corporate-wide series of job cuts that will see as many as 2,000 employees in 63 countries lose their jobs.
A spokesperson for Minneapolis-based Cargill, one of the world’s largest privately held corporations, said the job cuts would affect 1.5 percent of its 138,000 employees in 75 business units worldwide. The majority of the cuts will take place over the next six months.
Industry sources state that Cargill saw decreased profits over the last two quarters, prompting the cutbacks.
The cuts at the Wyalusing Township plant amount to about one percent of the facility’s 1,100 employees.
Cargill said the cutbacks are in response to the continued weak global economy and are part of an overall effort to reduce expenses and simplify work processes. “As economic conditions change, so must we,” said Mike Fernandez, corporate vice president of Cargill Corporate Affairs. “Regrettably, this impacts talented people who have made important contributions to our company. These are difficult decisions but are necessary to better position the company for continued growth.”
A press release issued by Cargill stated: “These reductions are based on recommendations from Cargill’s business units and functions as to how to best allocate resources, based on their specific situations. They are not the outcome of any companywide percentage mandate or uniform across-the-board cut. Rather, the goal is to ensure the company is focusing its resources on those activities that add the most value for its customers.”