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11.09.2009 |

Seed company Monsanto plans deeper staff cuts

Monsanto Co., the world’s biggest seed maker, said Thursday it plans to make deeper work force cuts than previously announced, saying it will reduce its staff by about 8 percent to cut costs. The St. Louis-based company also said its 2009 earnings would come in at the low end of its previous forecast due in part to weaker than expected results from Roundup and other herbicides. Its shares tumbled $4.18, or 5 percent, to close at $79.30 Thursday.

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