KROP - Why Is Agricultural Machinery Company AGCO Stock Falling Today? | Benzinga
AGCO Corporation (NYSE:AGCO) shares are trading lower on Tuesday.
In an exchange filing, the company announced a restructuring program, flagging an increased weakening demand in the agriculture industry.
The initial phase of the program will result in a net reduction of the company's salaried workforce by up to approximately 6% as compared to its salaried workforce as of December 31, 2023.
The first stage of the program aims to cut structural costs, streamline the workforce, ...