The actions include indefinite layoffs at five locations that build agricultural equipment as well as an extended inventory adjustment shutdown at another factory. In addition, Deere said it has added new jobs at two locations that build construction and forestry equipment.
Deere Cuts Forecast as Equipment Sales Slow in Asia By Shruti Date Singh - Aug 15, 2012 3:05 PM CT Facebook Share LinkedIn Google +1 0 Comments Print QUEUE Q Deere & Co. (DE) cut its full-year profit forecast as sales slow in Asia and Latin America, undermining the growth strategy at the world's largest manufacturer of agricultural equipment.
Briggs & Stratton's decision to no longer place its lawn and garden products at national mass retailers means a renewed focus on dealers, says Chairman, President and Chief Executive Officer Todd Teske in an interview with Rural Lifestyle Dealer.
Mahindra USA, the number one selling tractor brand in the world, has added a new executive to its ranks. Mac Payne has joined the Mahindra team in the newly created role of Director – New Business and Dealer Development.
Kioti Tractor recently hosted a top management team from Daedong Industrial Company, Ltd. of Seoul, South Korea, parent company of the North American tractor company.
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