News Summary: ADM Seeks New Global Headquarters

By The Associated Press

MOVING THE HQ: Archer Daniels Midland Co. is looking to move its global headquarters and 100 high-level jobs out of the central Illinois city of Decatur where it has been since the 1960s. The news has left its employees on edge.

REASSURRANCE: The big agricultural processor says it won't lay off anyone. Decatur will become the international firm's North American headquarters. But it wants a global headquarters more accessible to global customers and appealing to employees and their families.

WORRIES PERSIST: Unemployment is high in Decatur â¿¿ 13.2 percent in July. Another big employer, Caterpillar Inc., laid off hundreds this year. Some people worry that ADM could move more jobs. "Right now (ADM is) the only thing going on around here," said 36-year-old unemployed contractor Shawn Flaherty.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters