Bayer, part­ner pledge US jobs

China Daily (Canada) - - VIEWS - By BLOOMBERG

Bayer AG andMon­santo Co promisedUS pres­i­den­t­elect Don­ald Trump $8 bil­lion of in­vest­ment in the United States and thou­sands of new jobs should the com­pa­nies’ planned merger, the big­gest-ever in agriculture, clear reg­u­la­tory ap­provals.

Bayer Chief Ex­ec­u­tive Of­fi­cer Werner Bau­mann promised to add 3,000 jobs at Mon­santo while keep­ing its head­quar­ters in St. Louis af­ter the deal is com­pleted, Trump spokesman Sean Spicer said on Tues­day.

Both com­pa­nies had pre­vi­ously an­nounced their in­ten­tion to keep the lo­ca­tion of the Mon­santo of­fices, but the com­mit­ment on jobs is new, and fol­lows a visit last week by both Bau­mann and Mon­santo CEO Hugh Grant to Trump and his aides in New York.

The CEOs said in a joint state­ment that “sev­eral thou­sand new high-tech, well-pay­ing jobs” will be added af­ter the in­te­gra­tion of the two com­pa­nies.

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