ADM announces plan to cut up to 700 jobs globally
The action is meant to deliver cost savings
5 February 2025
1 minute read
By: In its recent fourth-quarter report, ADM announced targeted actions to deliver between $500 - $750 million in cost savings over the next 3 - 5 years.
The proactive actions, the global company said, will further reduce its costs in response to ongoing market challenges, including global legislative and regulatory policy uncertainty.
Specifically, ADM expects to achieve the majority of the cost savings on an annual run-rate basis through improvement in manufacturing costs, reduction in purchased materials and services, and targeted workforce reduction.
ADM currently expects a targeted workforce reduction of approximately 600–700 roles globally in 2025.
