Recent movements in long-leading economic indicators and in raw material prices offer hope that an end to the spreading global downturn is in sight, ... Despite that, we continue to take actions necessary to emerge from these difficult times as a much stronger company.
These difficult but necessary actions will enable the crop protection business to provide an even stronger base in support of the other parts of our agricultural enterprise.
Our earnings this quarter are unacceptable and I have begun putting in place specific actions to improve second-half performance.
Taking actions that result in people losing their jobs is the hardest decision we as leaders will ever have to make, ... these actions will enable us to more rapidly achieve our goal of sustainable growth.