North America

CSM profit slump prompts rethink

CSM profit slump prompts rethink

By Oliver Nieburg

Ingredients firm CSM has taken a 30% profit plunge in its 2011 results as it looks to refocus its strategy, which will lead to job losses.

JBT FoodTech cuts back as recession bites

JBT FoodTech cuts back as recession bites

By Rory Harrington

JBT Corp has blamed a drop in demand for its decision is to cut 115 jobs in its food processing division and shift some operations out of Europe in a bid to make annual savings of US$9m by the end of next year.

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