Monsanto Cutting 1,000 Jobs as Chemical Giant Takes First Annual Loss in 6 Years

Written by on January 7, 2016 in Hazards, Issues & Diseases, Health with 49 Comments
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By Claire Bernish | The Anti Media

(ANTIMEDIA) St. Louis, MO — Agrichemical behemoth Monsanto plans to cut an additional 1,000 jobs to compensate, in part, for a slump in sales of its genetically-engineered corn seeds. The seeds led to a first quarter loss of $253 million — which, on the whole, represents a 17% drop in revenue.

Related Article: More Bad News For Monsanto: Job Cuts Plus 3 R&D Centers To Close


“Monsanto has struggled in recent quarters to deal with slumping corn prices in the U.S., which have reduced demand for its best-selling product: genetically-enhanced [read: modified] corn seeds,” reported ABC News. “Farmers are shifting more acres to other crops after surpluses of corn and other crops, including wheat, have squashed commodity prices.”

In fact, Monsanto’s sales have fallen roughly 20% over the past year — perhaps indicative of the growing backlash against both its ubiquitous, genetically-modified crops, as well as the glyphosate-based Roundup required to treat them. These financial hits mean the mega-corporation has been forced to restructure at a cost of between $1.1 billion and $1.2 billion — and together with the previously announced layoff of 2,600 people, Monsanto will now be trimming a full 16% of its total staff.

Related Article: Monsanto Earnings Fall 34% as Farmers Reject GMO Crops

As Bloomberg reported: “Monsanto is facing the first drop in its annual earnings in six years as prices decline for its Roundup herbicide” and“lower crop prices curb farmers’ purchases of the newest genetically modified seeds.

“Monsanto’s sales of seeds and genetic licenses fell 14 percent in the first quarter. Revenue in the agricultural productivity unit, which primarily makes Roundup, tumbled 34 percent.

Monsanto appears to be in a bit of trouble, despite its CEO, Hugh Grant’s claims that  the restructuring has to do with meeting profit goals. European and North American farmers simply aren’t buying the chemically-dependent seeds, particularly since the World Health Organization categorized glyphosate as “probably carcinogenic” to humans — meaning it probably causes cancer.


Related Article: American Workers File Lawsuit Against Monsanto Claiming RoundUp Caused Cancer

In comparison to the same period last year, Monsanto’s revenue declined in every product category except GM soybeans.


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49 Reader Comments

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  1. 10153448693687991@facebook.com' Patrick Levell says:

    It’s a start…

  2. 10153257310439735@facebook.com' Mark Mitchell says:

    KILL monsanto –

  3. 173916202968567@facebook.com' Steve Powers says:

    Kill, dismember and burn.

  4. 969269356445713@facebook.com' Marilena Vaccarini says:

    good news

  5. 470185079819312@facebook.com' David Middlemiss says:

    We Are Thankful As We Are Care Takers Of These Wonderful Treasures
    Let Care Open Our Hearts To The Beauty Of Each Jewel,
    Yet We Covet Not, Or As A Snowflake It May Melt,
    Although The Beauty Will Not End
    But More Vibrant It Becomes When Greeted And Passed Forward, Heart To Heart With Ultimate Grace, Gratitude,
    That All Now Shine And In, And Through The Light Do Thrive/Grow
    Empowerfully Glorified The Innocence Of All In Complete FREE LOVE

    We In This Moment Dissolve, Transform And Overwrite All Prior Unhealthy, Unfair Agreements, Associations, Interactions,
    That All May Create As, To, For Through, Ultimate GOOD Progression For All and Everything
    We In This Moment Dissolve, Transform And Overwrite, All Unhealthy Co Dependent Agreements, Relationships We FREE All Beings To Play And Interplay AsUnlimited Ultimate Good
    This Creation Is Protected To Be FREE Eternally In The Wish Of FREEing All, Thank You Thank You Thank You

    Ubuntu Or Super Symbiosis
    The Honest Non Judgemental Ascertainment And Celebration Of All GOOD, ALL Organisms, All Consciousness And The FREE Sharing Of All GOOD For True, Honest, GOOD Progression, Healing FREE Unity, Healed Unified Freeing Of All Good Potentials To Play And Interplay, Heal, Creation, Heal Healers And Create/Co Create All Empowerfully, Selflessly Perpetuating, Selflessly Sufficient, Multidimensionally, Energetically Enhancing All And Everything With Limitless Multi Frequency Gratitudinous Familial Grace, Love, Respect, Fun Reverence
    Happy New Present Moment
    Namaste

  6. 10205539238623202@facebook.com' Susan Popovich says:

    Hate that people are losing their jobs but keep up the boycott. Their products are killing us.

  7. 1009257232452043@facebook.com' Evan Schmalholz says:

    U do know exxon does more environmental damage than this company right?

  8. 10208440452633811@facebook.com' Kathy Hershey says:

    Hallelujah. And of course its the people who ultimately pay the price…

  9. 505634809616115@facebook.com' Lynn Tecumseh says:

    Hell yeh

  10. 10204178328297779@facebook.com' Lezah Marrs says:

    Mexico did it.

  11. 10207519088519497@facebook.com' Jack Palin says:

    What stupid question!!!

  12. 928428227240460@facebook.com' Flo Czerwinski says:

    We have to Stop anything that is poisoning our environment and Us!!!!!!!!!!!!

  13. 10156374428115790@facebook.com' Roland Abiabdallah says:

    Sarah FO

  14. 677161089082794@facebook.com' Dlav Gaucher says:

    LET THE TOWER CRUMBLE…

  15. 1689229227984077@facebook.com' Bryan Allen says:

    Sorry for the job loss. Let’s hope it is bye bye to Monsanto.

  16. 10153649384586708@facebook.com' Pamela Boyd says:

    Yay!!!

  17. 1636125333342318@facebook.com' Angel Nightling says:

    Monsanto couldn’t pay me enough to work for them… I don’t assist in killing for profit.

  18. 1665497533733785@facebook.com' Annette Hatfield says:

    Buy local support ur community while eating healthy

  19. 10207453770895796@facebook.com' Nancy Martin says:

    fingers crossed

  20. 10153425453654220@facebook.com' Julie Ann Harnish says:

    Yay!!!!!

  21. 1140730505941191@facebook.com' Sonia Rae says:

    Fuck you Monsanto. Go straight to hell.

  22. 132995153730597@facebook.com' Mark Justien says:

    And the other pesticide companies?

  23. 213539465650330@facebook.com' Martin Plata says:

    Good!

  24. 1693160414301039@facebook.com' Тигран Ян says:

    Монсантон-да эн корпррациан чи,вор ашхарhин тунаворума? Милионавор мардканц мехку врекна,дер шат ен тужвелу..

  25. 10208045441284052@facebook.com' Carmen Page says:

    Sad about people loosing jobs…

  26. 10205070561956029@facebook.com' Michelle Goans says:

    I can only pray so…

  27. 10206374225807628@facebook.com' Charlene Jones says:

    I think we have to keep on until we do eliminate Monsanto!

  28. 10153799012386308@facebook.com' Tracy Leeson says:

    Just wait for the next rebranded Monsanto company to rear its serpent head.

  29. 734001560068333@facebook.com' Jasmine Jahns says:

    Jose Luis Catalan

  30. 10206425253462520@facebook.com' Steve Elder says:

    I’m surprised it took this long…

  31. 1270928569607968@facebook.com' Eva Jados says:

    Yes !

  32. 932637410155376@facebook.com' Jean Burns says:

    Hope so!!!!

  33. 10206753756416198@facebook.com' Aarin Lewis says:

    Amen!!!!

  34. 151865485172922@facebook.com' Annie Lee says:

    More

  35. 1664324840490972@facebook.com' Alyson Ellis says:

    Walter Peoples

  36. 794872637304836@facebook.com' The 'Fresh Green Love Tribe' says:

    YES!!!! The human consciousness is shifting on this and a bunch of other (seemingly unrelated) but wholly related topics. Hang in there peeps, a good change is coming! <3 xx

  37. 10203938966354460@facebook.com' Claire Marie Divoff says:
  38. 10153667205303745@facebook.com' Rick Es says:

    Good it’s a garbage corporation.

  39. 10154452765273858@facebook.com' Marina Westgarth Abbott says:

    We will keep up the pressure until Monsanto is gone.

  40. 424366951086479@facebook.com' Michelle Nedens says:

    It’s working…keep pushing

  41. 10205623563336740@facebook.com' Laura Paugh says:

    Awesome:)))

  42. 10208554666046894@facebook.com' Mylez Edward says:

    They are going to come on stronger. We must be diligent.

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