SEPTEMBER 14, 2019 — CROP SCIENCES LEAVING DURHAM, NORTH CAROLINA LOCATION WITH 184 LAYOFFS
The company has announced that it will be leaving its Ellis Road location in Durham, North Carolina and laying of 184 employees in the crop sciences unit. According to a company spokesperson, “Nothing has changed from our previous communication regarding the process of transitioning much of our North American Crop Science division to the St. Louis [Missouri] area, while maintaining an important presence in RTP [Research Triangle Park, North Carolina].”
Original Post…
The United States government has just announced its anti-trust approval for Leverkusen, Germany–based Bayer A.G. to takeover St, Louis, Missouri–based Monsanto to form the largest seed and agricultural chemical company in the world.
As the night follows the day, there will be divestitures, consolidations, restructurings, and other cost initiatives that will result in the layoffs and dislocation of thousands of affected individuals. Most at risk are likely to be those in the acquired organization, Monsanto, holding sales positions or are mid-level managers. Many still believe that this merger of agricultural giants will result in less competition and higher all-around costs for products and services such as engineered seeds and herbicides/pesticides. And that any cost savings will flow to executive bonuses and shareholder benefits.
The deal, originally proposed in 2017, will see Bayer paying out $66 billion to consummate the deal.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?