AGCO announces 'indefinite' layoff after downsizing four months ago

AGCO announces 'indefinite' layoff after downsizing four months ago

HESSTON, Kan. (KSNW) – AGCO, an agriculture manufacturing company based in Hesston, announced another “indefinite” layoff on Thursday.

AGCO sent the following statement to KSN:

Following three years of strong demand, AGCO, like the rest of the agriculture industry, is experiencing a decrease in customer demand in 2024. The company is taking steps to reduce costs, create efficiencies and remain competitive while also ensuring our farmers receive the products, parts and support they need. 

These actions include an indefinite layoff recently announced at AGCO’s Hesston manufacturing facility. Aligning our workforce and production schedules to meet current demand can be difficult for our team, and we will continue to take steps to minimize employee impact while meeting farmer needs.  

AGCO is proud to be part of the Hesston community, where our employees build the world-class equipment that help farmers feed the world. 

The actions impact less than 70 people.”

Rachel Potts
VP, Chief Communications Officer
AGCO Corporation

AGCO downsized its workforce by 6% back in June, citing a weakened demand in the agriculture industry.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *