Syngenta To Cut R&D, Other Jobs | Chemical & Engineering News
Volume 92 Issue 48 | p. 17 | Concentrates
Issue Date: December 1, 2014

Syngenta To Cut R&D, Other Jobs

Department: Business
Keywords: agriculture, employment, R&D

Syngenta is taking actions in R&D, commercial, and global operations to cut costs by $265 million next year. The firm says the actions will result in around 1,800 job reductions and relocations, most of which will occur next year. Savings in R&D of about $50 million will come from site consolidation to “reduce our fixed-cost base and better identify and exploit synergies between chemistry and genetics,” the firm says. Syngenta says it will continue with investments at its large R&D sites in Stein, Switzerland, and Research Triangle Park, N.C.

 
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