Crop Giant Bunge Reorganizes Trading in Latest Restructure

Trading teams are now divided by product instead of region
Company has been making changes since naming new CEO this year

A worker inspects wheat grain at a grain storage facility, operated by Bunge Ltd., at Nikolaev port in Nikolaev, Ukraine, on Wednesday, Aug. 31, 2016. Ukraine's government is struggling to unlock a $17.5 billion international bailout from the International Monetary Fund after delays in passing a series of reforms to boost transparency and improve the court system.Photographer: Vincent Mundy/Bloomberg

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By Isis Almeida

November 13, 2019 at 11:29 PM UTC

Updated on

November 14, 2019 at 2:43 PM UTC

This article is for subscribers only.

Bunge Ltd. has reorganized its trading business as one of the world’s top agricultural commodity merchants presses ahead with its restructuring plan, according to people familiar with the matter.

After cutting jobs in Geneva and offering only about a third its staff in White Plains, New York, relocation to its new headquarters in St. Louis, Bunge has divided its trading business by product instead of region, said the people, who asked not to be identified because the information is private. The company named new heads of corn and wheat and divided responsibilities for the oilseeds business into three groups.