The Rising Influence of Rising Affluence

[DewDiligence]

MON closes three small sites as part of previously disclosed cost-cutting program:

http://finance.yahoo.com/news/monsanto-shutter-three-r-d-220300808.html

Monsanto Co plans to shutter three research and development centers in 2016 with a loss of about 90 jobs, it said on Monday, as it restructures operations to cut costs in a slumping agricultural commodity market.

The centers are in Middleton, Wisconsin, and Mystic, Connecticut, both of which focus on seed trait development research, and Research Triangle Park, North Carolina, which focuses on research on plant screening and phenotyping.

The three research centers currently employ 155 people. A Monsanto spokesman said the company plans to move about 65 of those jobs to its Chesterfield Research Village in the St. Louis, Missouri, area.