Archer Daniels Midland Company plans to cut 127 staff at its recently acquired N...
PARIS - Archer Daniels Midland Company plans to cut 127 staff at its recently acquired Neovia animal feed business in France to eradicate job duplication, the head of the group’s animal nutrition department said on Tuesday.
Chicago-based ADM took over Neovia for 1.54 billion euros this year as part of the U.S. farm giant’s strategy to expand in the fast-growing animal nutrition sector. “We will share these services within ADM, at regional and global level,” ADM Animal Nutrition President Pierre-Christophe Duprat told Reuters.
Neovia has a limited presence in North America but a large one in Europe, Southeast Asia, and Central and South America.
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