Bayer to Shutter U.S. Carbamate Units

Bayer CropScience says it will shut down carbamate-based insecticide production units at Institute, WV, as well as a related formulations facility at Woodbine, GA. The closures will result in the loss of about 300 jobs within the next two years. Bayer CropScience will take a charge of about $275 million due mostly to decommissioning costs. The company says the workforce reduction is part of parent company Bayer’s larger plan to eliminate 2,000 jobs worldwide by the end of 2012. Carbamate-based products are being increasingly replaced by newer products deemed...

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