The food giant, which has been operating in Turkey for 64 years, will lay off 8,000 employees.

The US-based food giant Cargill has decided to reduce its global workforce by 5% due to a decline in its revenues. This means approximately 8,000 employees will be laid off. Cargill operates in 63 countries, including Turkey, and has more than 160,000 employees worldwide. The company's revenues were $177 billion in 2023, while this figure is expected to decline to $160 billion in 2024.

AFFECTED BY PRICE DROPS

Cargill, one of the major players in the food sector, particularly operates in agriculture and is negatively affected by price drops in products such as wheat, corn, and soybeans. Cargill CEO Brian Sikes stated that the layoffs will take place within this year. The company plans to simplify its organizational structure, reduce layers, and expand the responsibilities of managers. Additionally, job redundancies will be eliminated, and efficiency will be increased. In August, the company decided to restructure its operations. With this restructuring, the number of operational units will be reduced from five to three.

CRITICAL MEETING ON DECEMBER 9

The details of these changes will be announced at a meeting to be held on December 9. Sikes stated that they will hold meetings to share information with affected employees during this process. It remains uncertain whether Cargill's employees in Turkey will be affected by these decisions.

OPERATING IN 7 PROVINCES

Cargill began its operations in Turkey in the 1960s and continued under its own brand after 1986. The company, which has over 600 employees in Istanbul, Bursa, Adana, Ankara, Balıkesir, Kocaeli, and Izmir, is involved in significant work in the fields of starch and sweetener production, edible vegetable oil production, and animal nutrition.