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Seedmaker Corteva cuts U.S. jobs while exiting Russia
Seeds and pesticides company Corteva Inc will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe and Russia markets, according to California’s Worker Adjustment and Retraining Notification Act (WARN) data last week. “Corteva is concluding its plan to stop production and business activities in Russia, and because we have enough sunflower production capacity in Europe for the European market, we no longer need the additional production capacity at the Woodland location,” the company said in an email, without mentioning the number of jobs affected.
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Clinton Ravoe
Recession risk: ‘You have to respect the business cycle,’ strategist says – Yahoo Finance
Reuters
Seedmaker Corteva cuts U.S. jobs while exiting Russia
Seeds and pesticides company Corteva Inc will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe and Russia markets, according to California’s Worker Adjustment and Retraining Notification Act (WARN) data last week. “Corteva is concluding its plan to stop production and business activities in Russia, and because we have enough sunflower production capacity in Europe for the European market, we no longer need the additional production capacity at the Woodland location,” the company said in an email, without mentioning the number of jobs affected.
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