Photo courtesy of Bunge
U.S. agribusiness firm Bunge Ltd. laid off up to 10 grain traders in Geneva in recent days as it pursues a global restructuring to cut costs and reduce market exposure, five industry sources said.
According to a report at Reuters, the cuts to trading staff come as Bunge is streamlining its operations in tough agricultural markets and seeks to avoid a repeat of money-losing bets made early in the year-old U.S.-China trade war.
A source told Reuters that Bunge would unveil further details of its new organization on Sept. 16.
