Wed, Jun 24th, 2009
Monsanto Co. said Wednesday that it plans to cut 900 employees across the company as part of a restructuring to be completed in fiscal 2010.
The global agricultural products company (NYSE: MON), based in Creve Coeur, Mo., also announced it's creating a separate division for its Roundup and other herbicides business.
The employee cuts will vary from country to country and will be less than 4 percent of its global work force, Monsanto said. The company expects to take a one-time restructuring charge estimated at $350 million to $400 million.
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