According to a report from Trak.in, Mahindra confirmed that it had let go 48 employees last year from its automotive and farm equipment segments, with another 98 having been 6 months to find a new job.
Manitou Group has announced that it will cease operations in Waco, Texas, at the end of March 2021 and consolidate most of the production in South Dakota.
According to a report from Info France 3 Champagne-Ardenne, the producer of agricultural transmissions has decided to close its factory in Saint-Dizier and lay off the remaining 35 employees.
According to a report from Quad City Times, Deere has announced it will be eliminating an unknown number of salaried jobs as part of its "Smart Industrial Redesign" strategy.
According to a report from Quad-City Times, Deere announced it has enacted another round of buyouts for its salaried U.S. employees. It was noted in the announcement that Deere could enact further reductions, including layoffs, before the buyout program comes into effect.
Exel Industries, the parent group of the international Agrifac, Berthoud, Hardi and Tecnoma sprayer product lines, the Apache operation in the U.S., and a number of local European brands, is closing two of its production facilities in France with the loss of around 200 staff.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.