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Montevideo, June 10th 2023 - 21:51 UTC

Tag: FMC agricultural company

  • Tuesday, October 13th 2015 - 07:00 UTC

    Brazilian recession begins to hit US companies profits and shares

    “We are taking aggressive actions to address the extraordinary operating environment in Brazil,” said Pierre Brondeau, FMC president, CEO

    Agricultural giant FMC is the latest company to warn about operations in Brazil and now the stock is crashing. On Monday the $5 billion agricultural company announced that it would lay off 800-850 people — saving the company about $150 million a year by 2017 — while also cutting its profit outlook for the third quarter and all of 2015.