AGCO Corp

Diesel Progress North American Edition, August, 2004

AGCO Corp. will restructure its European combine manufacturing operations in Randers, Denmark, to reduce the cost and complexity of the manufacturing operation by simplifying the model range and eliminating the facility's component manufacturing operations. AGCO said it will outsource manufacturing of the majority of parts and components to suppliers and retain critical key assembly operations.

By retaining only the facility assembly operations, AGCO plans to reduce the Randers workforce by approximately 300 employees and permanently eliminate 70% of the square footage utilized. AGCO's plans also include a rationalization of the combine model range to be assembled in Randers, retaining the production of the high specification, high value combines.