AGCO has announced that around 6% of its workforce will be laid off due to “weakened demand in the agriculture industry.” It is not known exactly how many employees will be affected at their Hesston production facility, or the timing as to when the layoffs will take effect. In a statement, the company says the layoffs are not related to a shift in production to Mexico that was announced earlier this month. AGCO says that the Hesston facility will continue to manufacture Massey Ferguson windrowers, large square balers, combines and combine headers. The company has invested more than $28 million into the facility since 2021. Those investments have been focused on updating and modernizing systems and equipment. “By streamlining the Hesston portfolio, our goal is to secure a profitable future for the plant,” the company added.
Source: KAKE – News
