A union of employees of soy crushing plants in Argentina said on Tuesday that U.S. grains merchant Bunge told workers it will shutter a mill at the port of Ramallo in the province of Buenos Aires, Argentina, laying off 60 workers.
Reuters reports the Workers’ Federation of the Industrial Oilseed Complex, which represents employees at Argentina’s soy crushing plants, said Bunge informed workers about the decision on Monday, though they have not yet formally been dismissed. Argentina is the world’s top soybean oil and meal exporter.
Bunge has been trying to slim down to focus on core areas and improve profitability following a series of poor quarterly results.https://www.reuters.com/article/grains-argentina-bunge/bunge-to-close-argentine-soybean-mill-lay-off-60-workers-union-idUSL1N1UL02J
