Insights and Stories on Restructuring

Bayer plans more cost cuts, impairment charges

Sep. 30, 2020 at 6:15 pm CDT

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 […]

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

Feb. 5, 2020 at 9:15 am CST

By Nichola Saminather

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

Aug. 20, 2019 at 4:57 pm CDT

By Karl Plume

Canola biodiesel processor in receivership

Feb. 3, 2018 at 2:16 am CST

By Staff

Bunge leaves door open to selling itself

Sep. 27, 2017 at 3:48 pm CDT

By Karl Plume

Sobeys, Safeway parent seeks cost-cutting ‘leverage’

May. 6, 2017 at 3:44 am CDT

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 […]

By Staff

Cargill said restructuring, cutting jobs

Nov. 13, 2015 at 4:33 pm CST

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 […]

By Sarah McFarlane

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

Oct. 7, 2015 at 4:42 pm CDT

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 […]

By Carey Gillam