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Leon B MO 
Orange Level
Joined: 12 Sep 2009
Location: Old Monroe, Mo
Points: 2263
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 Topic: AGCO shut down for awhile.
Posted: 19 hours 31 minutes ago at 2:38pm |
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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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Uncle always said "Fill the back of the shovel and the front will take care of itself".
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im4racin
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Joined: 12 Jun 2017
Location: Garrison ND
Points: 1160
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Posted: 18 hours 46 minutes ago at 3:23pm |
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The parts website lost gleaner last week and yesterday only had fendt…
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EPALLIS
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Joined: 12 Sep 2009
Location: Illinois
Points: 1180
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Posted: 15 hours 55 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. |
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victoryallis
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Joined: 15 Apr 2010
Location: Ludington mi
Points: 2911
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Posted: 14 hours 41 minutes ago at 7:28pm |
The dealer we deal with sent out a letter in June or July announcing the black out. They had an incentive to pre order parts. Talked to another dealer they increased their inventory in preparation and they heard other dealers did as well. Parts are available for down machines it’s just a very painful process. Its condensed to a 2 week circus.
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8030, 7060, six 6080’s grandpa’s D17, 8760, 8100, and 8970 Deere.
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cwhit
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Joined: 12 Sep 2009
Location: Sigel IL
Points: 1035
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Posted: 13 hours 31 minutes ago at 8:38pm |
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Same here. Local dealers put out the info in June . Was in there Friday and said they could put orders in on Monday but couldn’t say when they would receive them.
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SteveM C/IL
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Joined: 12 Sep 2009
Location: Shelbyville IL
Points: 9224
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Posted: 12 hours 27 minutes ago at 9:42pm |
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Hmmmm.....bearing went out on R62 spreader and ate the gears. Hope my dealer has a set in stock....
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DrAllis
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Joined: 12 Sep 2009
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Posted: 11 hours 10 minutes ago at 10:59pm |
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I knew about the upcoming parts shut down a month ago, but didn't hear about the layoffs until now.
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Tom59
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Joined: 27 Feb 2021
Location: Lebanon Tenness
Points: 169
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Posted: 1 hour 45 minutes ago at 8:24am |
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I would thought AGCO would have planned this after everyone would been almost done harvesting crops , mid November. No way a dealership can order everything, that reason for parts warehouses.
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977.3Ford
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Joined: 04 Oct 2019
Location: Dayton, Ohio
Points: 111
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Posted: 53 minutes ago at 9:16am |
 Tom59 wrote:
I would thought AGCO would have planned this after everyone would been almost done harvesting crops , mid November. No way a dealership can order everything, that reason for parts warehouses. |
The problem is North America is far from Agco's biggest sales region, so who cares if it screws anybody here. Looking at the 2025 shareholder report(i do own some Agco stock) North American sales were $1.6 Billion, South America was $1.1 Billion, and Europe/Middle East was $6.7 billion.
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Jimmy
1982 8050 Powershift
1982 6080
1992 R52 Gleaner
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Dale-OH
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Joined: 12 Sep 2009
Location: SW OHIO
Points: 970
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Posted: 52 minutes ago at 9:17am |
AGCO has been telling dealers for well over 6 months, unfortunately the people who make these decisions only work on calendar years for reports to stock holders. It was pushed as far as possible and came down to Q4. IF your dealer was not prepared that is on them, we put in a huge order to make sure we are as prepared as possible for the shut down. Has been a week and really not ran into an issue yet. Is it a pain definitely, but for most part dealers are working with us and moving inventory around to keep customers going.
As for online, I just looked on AGCOpartsbooks.com and if you search by model I was able to get several models of AC tractors and Gleaner combines. But I do agree that the drop downs are horrible, they do not even have some of the current products let alone the heritage brands. BUT alwasy been able to find them by search feature
That article on layoffs looks like it is from 2024? I have not heard of any mass layoffs at this time.
Edited by Dale-OH - 45 minutes ago at 9:24am
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