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10-01-2016 LSU Pregame

Monsanto to cut 2,600 jobs over next two years

Around Town

Monsanto to cut 2,600 jobs over next two years

(KTRS) – Agricultural biotech company, Monsanto, plans to eliminate 2,600 jobs after poor performance in the fourth quarter. The Post-Dispatch reports the company reported a loss for the fourth quarter as it saw a drop in the sales of biotech seeds and herbicides. The job cuts are expected to take place over the next two […]

Monsanto to cut 2,600 jobs over next two years

(KTRS) – Agricultural biotech company, Monsanto, plans to eliminate 2,600 jobs after poor performance in the fourth quarter.

The Post-Dispatch reports the company reported a loss for the fourth quarter as it saw a drop in the sales of biotech seeds and herbicides. The job cuts are expected to take place over the next two years and Monsanto says they will save the company as much as $300 million a year.

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By Colin Jeffery

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