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Agrichemicals company Syngenta cuts jobs in Switzerland

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ZURICH : Agrochemicals company Syngenta is cutting just over 10 per cent of its workforce at its Swiss headquarters in Basel, newspaper Tages-Anzeiger reported on Wednesday, following a big downturn in its crop protection business this year.

FILE PHOTO: A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo

"The cuts are affecting all areas and levels of the heirarchy," Syngenta manager Alexandra Brand told the newspaper. The company has been hit by continued destocking by farmers, who built up large inventories of seeds and insecticides after the pandemic. Syngenta was bought by ChemChina in 2017 for $43 billion and was folded into Sinochem Holdings Corp in 2021.

 

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