restructuring Archives | Alberta Farmer Express

Bayer plans more cost cuts, impairment charges

Pandemic now expected to hit crop science wing

By Reuters, GFM Network News September 30, 2020

Berlin | Reuters — German drugs and chemical company Bayer announced plans on Wednesday for more than 1.5 billion euros (C$2.34 billion) of cost cuts as of 2024 and said it would take impairment charges on its agricultural business as it battles with low commodity prices. Bayer said that the impact of the coronavirus on […] Read more

Crops, Reuters

Tilray, in cost reduction mode, cuts 10 per cent of workforce

By Nichola Saminather February 5, 2020

Toronto | Reuters — Tilray Inc. has cut 10 per cent of its 1,443-strong workforce as part of a global restructuring effort to reduce costs, the cannabis producer said Tuesday. “By reducing headcount and cost, Tilray will be better positioned to achieve profitability and be one of the clear winners in the cannabis industry,” the […] Read more

Crops, Markets, Reuters

Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk in ongoing trade war

By Karl Plume August 20, 2019

Chicago | Reuters — A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge is facing an even more uncertain business environment, with a new CEO determined not to get burned again. Gregory Heckman, who joined Bunge’s board late last year and took on the […] Read more

Canola, Crops, Machinery & Shop

Canola biodiesel processor in receivership

By Alberta Farmer Staff February 3, 2018

An eastern Saskatchewan biodiesel processor using growers’ heated, green, spring-harvested, tough and otherwise off-spec canola for feedstock is in receivership. Saskatchewan Court of Queen’s Bench on Thursday appointed Calgary-based insolvency trustee Hardie and Kelly as the receiver for Milligan Biofuels, which operates at Foam Lake, about 90 km northwest of Yorkton. Alberta’s Crown lending agency […] Read more

Crops, Markets, Reuters

Bunge leaves door open to selling itself

By Karl Plume September 27, 2017

Reuters — Bunge Ltd. kept the door open on Wednesday to a sale of the company as it reported a 34 per cent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should […] Read more

Fruit/Vegetables, Livestock

Sobeys, Safeway parent seeks cost-cutting ‘leverage’

By Alberta Farmer Staff May 6, 2017

Empire Co., the parent firm for about 1,500 grocery stores across Canada, plans to restructure from a regional to a “largely national” operation cutting $500 million in annual costs by the end of 2020. Nova Scotia-based Empire — whose stores operate under brands including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s — on […] Read more

Beef Cattle, Crops, Markets, Reuters

Cargill said restructuring, cutting jobs

By Sarah McFarlane November 13, 2015

London | Reuters –– Cargill Inc., one of the world’s largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said Friday, the latest casualty of a downturn in the farm economy. The 150-year-old company, a top commodities trader, is also closing offices, two of the […] Read more

Canola, Corn, Crops, Reuters, Soybeans

Monsanto slashing 2,600 jobs, buying back shares as sales fall

By Carey Gillam October 7, 2015

Reuters — Monsanto, one of the world’s largest seed and agrichemical companies, said Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss […] Read more

Prairie farm slapped with plant breeders’ rights infringement penalties

Push on to prevent strike at Port of Montreal

Farmers’ net cash income improves as crop prices soar

GFM Network News

Prairie farm slapped with plant breeders’ rights infringement penalties

Push on to prevent strike at Port of Montreal

Farmers’ net cash income improves as crop prices soar

Tag Archives restructuring

Bayer plans more cost cuts, impairment charges

Tilray, in cost reduction mode, cuts 10 per cent of workforce

Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk in ongoing trade war

Canola biodiesel processor in receivership

Bunge leaves door open to selling itself

Sobeys, Safeway parent seeks cost-cutting ‘leverage’

Cargill said restructuring, cutting jobs

Monsanto slashing 2,600 jobs, buying back shares as sales fall

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