AGCO Announces 200 Temporary Layoffs
AGCO announced temporary layoffs impacting a total of 200 employees, with about 100 combined positions being impacted for about 4 months and an additional 100 positions will be impacted for about 1 month, reports KWCH12. The layoffs will take effect in phases throughout the rest of the year, and AGCO anticipates the affected employees will return to work in early 2018.
According to the KWCH12 report,
“In an effort to minimize this impact to our affected employees, the Company will ensure that they remain eligible for AGCO-sponsored medical benefits until the return to work date in early 2018,” the company said in a statement released Monday afternoon. “As mentioned, the main focus is to minimize long-term impact on the workforce. Leaders are meeting with affected employees to explain their options during this time. The long-term outlook in the agricultural market continues to be strong and AGCO will continue to react to the market accordingly.”
For Hesston, the layoff announcement is another blow to the community after two permanent layoffs earlier this year, one at Excel Industries and the other at GVL Poly. These layoffs left about 200 people unemployed and it has had a ripple effect to local businesses.
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