Agrochemicals company Monsanto Co plans to close three research center in 2016 that would result in a reduction of 90 jobs, as restructures operations to cut costs in a slumping market for agricultural products.

Two centers which conduct research in the development of lines of seed are Wisconsin and Connecticut, a third center is located in North Carolina and is engaged in research in the field of screening and phenotyping of plants.

The company plans to close the centre in Wisconsin in the first half of 2016, two other centre - in the second half of the year.

In three research centers currently employ 155 people. A Monsanto representative said that the company plans to move 65 jobs at the scientific research center in St. Louis, Missouri.

The staff of three centers announced the cuts on Monday. Employees invited to transfer to St. Louis, but who rejected him, will receive severance packages, said the company. Other affected workers will also receive compensation, including pay, extended benefits and assistance in education.

Monsanto, which owns businesses in Wisconsin and Connecticut reported that it is looking for buyers for a property and a tenant for rented property in North Carolina.

Monsanto currently employs approximately 22 500 employees to more than 400 enterprises in more than 60 countries.

Earlier this month Monsanto said it plans to cut 2 600 jobs and restructure its operations in an attempt to reduce costs. These total planned reductions will affect 11.6% of the permanent employment of company resources.

Source: Thomson Reuters