IHS Chemical Week

Markets :: Specialty Chemicals :: Food additives

ADM Cuts 3% of Workforce

10:21 AM MST | January 12, 2012 | Rebecca Coons

Archer Daniels Midland (ADM) says it will eliminate 1,000 employees, approximately 3% of its global workforce, in an effort to streamline its organizational and cost structure. The company expects its annual pre-tax expenses to be reduced by more than $100 million, with a $50-$75 million pre-tax charge to be incurred in its fiscal third quarter. ADM says early retirement incentives will be offered in the U.S.   Cargill announced 2,000 job cuts in December, citing a weak global economy.    ...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa