Cargill is to close its Memphis corn milling facility, which employs around 440 people, 120 being contract employees, this is effective January 2015.
The closure of the facility results primarily from the underutilisation of the Memphis plant and its location away from the corn belt. The corn oil refinery will remain open and operate as a standalone facility to continue to serve customers.
For the employees impacted at the plant, Cargill will be offering opportunities to fill positions at other company locations in the region. Those who relocate to positions at other Cargill facilities will receive assistance. For displaced employees, Cargill will provide support including, interview and resume writing training, severance packages and the opportunity to attend career fairs.
"The decision to close our Memphis corn milling facility was made only after a careful examination of the current business situation and we examined all other possible options," said Julian Chase, president of Cargill Corn Milling based in Minneapolis.
Cargill remains committed to its US corn milling business and will leverage the rest of its network to continue to serve customers. Cargill will also continue to honour its community commitments in Memphis through the end of calendar year 2014.
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