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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