ADM Targets $200 Million to $300 Million in Costs Cuts in 2025, Says CEO Juan Luciano

Grain trader Archer-Daniels-Midland's CEO Juan Luciano said on Wednesday that the company is on track to achieve about $200 million to $300 million in cost reductions this year.

ADM has been cutting jobs and downsizing certain operations since announcing in February that it planned to reduce costs by $500 million to $700 million over three to five years.

The company has warned that its adjusted earnings this year would drop to the lowest since 2020

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