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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It’s a start…
KILL monsanto –
Kill, dismember and burn.
good news
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Let Care Open Our Hearts To The Beauty Of Each Jewel,
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Although The Beauty Will Not End
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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
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Happy New Present Moment
Namaste
Hate that people are losing their jobs but keep up the boycott. Their products are killing us.
U do know exxon does more environmental damage than this company right?
Yes, but one fight at a time and this one is big.
Exxon is not FEEDING MOST of the WORLD on a daily basis..I get that they are just as corrupted TOO..
if they control the seed they control the world
Does not invalidate the importance here. Moot point. And go solar!
Yes, as Nancy Martin said!! A quote from H. Kissinger, says it all!!!
“Control oil you control Nations, Control food and you control the people”!!! Evil, evil!!
Monsanto, GMA, etc must be defeated
Hallelujah. And of course its the people who ultimately pay the price…
Hell yeh
Mexico did it.
What stupid question!!!
We have to Stop anything that is poisoning our environment and Us!!!!!!!!!!!!
Sarah FO
????????
LET THE TOWER CRUMBLE…
Sorry for the job loss. Let’s hope it is bye bye to Monsanto.
Yay!!!
Monsanto couldn’t pay me enough to work for them… I don’t assist in killing for profit.
Buy local support ur community while eating healthy
fingers crossed
Yay!!!!!
Fuck you Monsanto. Go straight to hell.
And the other pesticide companies?
Good!
Монсантон-да эн корпррациан чи,вор ашхарhин тунаворума? Милионавор мардканц мехку врекна,дер шат ен тужвелу..
Sad about people loosing jobs…
I can only pray so…
I think we have to keep on until we do eliminate Monsanto!
Just wait for the next rebranded Monsanto company to rear its serpent head.
Jose Luis Catalan
I’m surprised it took this long…
Yes !
Hope so!!!!
Amen!!!!
More
Walter Peoples
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
Good it’s a garbage corporation.
We will keep up the pressure until Monsanto is gone.
It’s working…keep pushing
https://www.youtube.com/watch?v=Eo-KmOd3i7s
Awesome:)))
They are going to come on stronger. We must be diligent.