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2009-06-29 | permalink
Monsanto to cut 900 jobs
For more than two decades, it was the exclusive maker of the herbicide, and capitalized on the product’s success by developing crops that are genetically engineered resistant to its effects. Today, the herbicide tolerance trait is at the heart of the company’s multibillion-dollar seed business. But the last patents on Roundup herbicide expired nine years ago, opening the door for rivals like Dow and Syngenta to sell competing products and erode Monsanto’s market share.
- St. Louis Post-Dispatch, USA: Monsanto to cut 900 jobs
- Bloomberg, USA: Monsanto profit tops estimates on gene-modified seeds
- St. Louis Post-Dispatch, USA: Monsanto trims jobs as Roundup sales plunge
- The Associated Press, USA: Monsanto 3Q profit falls 14 pct, will cut 900 jobs
- Reuters, UK: Monsanto sees Roundup annual gross profit halving
Overview
News
2009-06-29 | permalink
Monsanto to cut 900 jobs
For more than two decades, it was the exclusive maker of the herbicide, and capitalized on the product’s success by developing crops that are genetically engineered resistant to its effects. Today, the herbicide tolerance trait is at the heart of the company’s multibillion-dollar seed business. But the last patents on Roundup herbicide expired nine years ago, opening the door for rivals like Dow and Syngenta to sell competing products and erode Monsanto’s market share.
- St. Louis Post-Dispatch, USA: Monsanto to cut 900 jobs
- Bloomberg, USA: Monsanto profit tops estimates on gene-modified seeds
- St. Louis Post-Dispatch, USA: Monsanto trims jobs as Roundup sales plunge
- The Associated Press, USA: Monsanto 3Q profit falls 14 pct, will cut 900 jobs
- Reuters, UK: Monsanto sees Roundup annual gross profit halving
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