Bayer, partner pledge US jobs
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.