Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market.
The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss and gave an outlook below many analysts' expectations.
The layoffs would affect 11.6 percent of Monsanto's regular workforce, according to the company.
Reuters: Monsanto slashing 2,600 jobs, buying back shares as sales fall
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