AGCO shut down for awhile.

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   I called my parts guy at the local AGCO dealership yesterday to order some fan belts for my 8050, he said as of September 30th AGCO is going through a re-structuring and will not take orders for 5 to 21 days...pretty freaking sad. Anybody else hear anything about this prior to them just basically closing the doors? 
Leon B Mo

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Leon B MO Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 12 Sep 2009 Location: Old Monroe, Mo Points: 2263	Post Options Post Reply Quote Leon B MO Report Post Thanks(0) Quote Reply Topic: AGCO shut down for awhile. Posted: 4 hours 13 minutes ago at 2:38pm
	I called my parts guy at the local AGCO dealership yesterday to order some fan belts for my 8050, he said as of September 30th AGCO is going through a re-structuring and will not take orders for 5 to 21 days...pretty freaking sad. Anybody else hear anything about this prior to them just basically closing the doors? Leon B Mo
	Uncle always said "Fill the back of the shovel and the front will take care of itself".

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im4racin Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 12 Jun 2017 Location: Garrison ND Points: 1160	Post Options Post Reply Quote im4racin Report Post Thanks(0) Quote Reply Posted: 3 hours 28 minutes ago at 3:23pm
	The parts website lost gleaner last week and yesterday only had fendt…

EPALLIS Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 12 Sep 2009 Location: Illinois Points: 1179	Post Options Post Reply Quote EPALLIS Report Post Thanks(0) Quote Reply Posted: 37 minutes ago at 6:14pm
	Interesting Post. Here is what hot gossip I could find out: It happened on Tuesday Sept 29. AGCO (NYSE:AGCO) disclosed a restructuring program Tuesday in response to increased weakening demand in the agriculture industry, including a ~6% reduction of the company's salaried workforce. AGCO (AGCO) said the initial phase of the program will focus on further reducing structural costs, streamlining its workforce and enhancing global efficiencies related to changing its operating model for certain corporate and back-office functions and better leveraging technology and global centers of excellence. The company estimates it will incur $150M-$200M in charges for one-time termination benefits related to the first phase of the program, consisting mostly of cash charges related to severance payments, employees benefits and related costs, to be incurred in 2024 and H1 2025. Once fully implemented, AGCO (AGCO) expects the first phase will yield $100M-$125M in annual run-rate benefits and cost savings. The restructuring program follows AGCO's (AGCO) reported Q1 drop in sales and earnings, as global demand fell in the agricultural equipment industry.