ADM lays off ethanol workers as people drive less during pandemic

Archer-Daniels-Midland Co. said it’s laying off 180 workers at two of its plants in the Midwest.

The Chicago agricultural giant (NYSE: ADM) said that because people are driving far less during the Covid-19 crisis, the demand for ethanol used in the production of gasoline has fallen greatly.

ADM said it’s temporarily idling ethanol production at the company’s corn dry mill facilities in Cedar Rapids, Iowa, and Columbus, Nebraska. ADM said 90 employees in each facility will be furloughed in the…


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