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IPFS News Link • Agriculture

5 Reasons Monsanto Is Crashing And Burning

• arclein

Monsanto Co. said it will eliminate 2,600 jobs as part of a cost-savings plan, joining a growing list of major corporations struggling to contain the damage from the decline in world commodities prices. The St. Louis-based agricultural giant announced the reductions - the equivalent of 12 percent of its workforce - as it reported a loss of 19 cents a share in the fiscal fourth quarter and warned profit would remain weak through 2016.


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