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Monsanto slashing 2,600 jobs, buying back shares as sales fall
2015-10-07 16:44:32| Chemicals - Topix.net
Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016. Monsanto, which also reported a much wider quarterly loss, said that along with the layoffs, its global restructuring would include "streamlining and reprioritising" some commercial and research and development work, including an exit from the sugar cane business.
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Category:Chemicals