Best News All Day!!
Monsanto Co. says it will eliminate 2,600 jobs as part of a cost-saving plan designed to deal with falling sales of its biotech seeds and herbicides, which pushed its quarterly losses deeper into the red.
The job cuts will reduce the company’s 22,500-employee workforce of by about 12 per cent over the next two years. Its shares dropped more than 2 per cent in morning trading Wednesday. Continue reading “Monsanto to cut 2,600 jobs as low crop prices eat into profits”