The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture Of Food Products
8,000 jobs Number of planned job losses
Announcement Date
3 December 2024
Employment effect (start)
3 December 2024
Foreseen end date
Description
US-based multinational specialized in food production Cargill has announced that it will cut about 8,000 jobs worldwide.
So far, the company revealed that 164 roles are expected to be cut at its Belgian locations Cargill-2024-BE. The main group of employees facing dismissal are technical staff at the facility in Mechelen-Vilvoorde, with 89 job cuts.
The company management states that in total approximately 5% of its global workforce has to be reduced, which represents 8,000 jobs. The majority of the cuts will be carried out by the end of 2024. While Cargill justifies its decision with the decline in raw material prices, local trade unions are dissatisfied with the decision as they state that the company is healthy and not facing financial issues.
Cargill operates in 70 countries and employs about 160,000 people worldwide.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
