Philadelphia-based agricultural science laying off 41 in Mobile County as revenue falls
Founded in Los Gatos, California in 1883, FMC Corp. purchased its Axis manufacturing center in 2017.
FMC Corp., the Philadelphia-based agricultural sciences powerhouse, is set to reduce its footprint in Mobile County. According to a WARN notice filed this Tuesday, the company will lay off 41 employees at its Axis manufacturing facility effective October 31.
A History in Axis
While the company traces its roots back to 1883 in Los Gatos, California, its presence in Alabama is more recent. FMC Corp. acquired the Axis production site in 2017. The facility currently specializes in manufacturing agricultural chemicals essential for crop protection and insect control, as highlighted by the company's official website.
Financial Hurdles
These personnel reductions come against the backdrop of sustained revenue challenges for the corporation. Financial reports, including analysis from The Motley Fool, indicate that declining revenue has prompted board members to explore a potential sale of the company.
As of this reporting by 205focus.com, requests for comment from FMC representatives regarding the situation in Mobile County have not been returned.