Deere Says On May 31, 2024, It Announced To Its Employees A Plan To Reduce Production And Salaried Workforce To Help Meet Strategic Priorities - Filing
Portfolio Pulse from Benzinga Newsdesk
Deere & Company announced a plan to reduce production and its salaried workforce to align with strategic priorities. The activities related to salaried employees are expected to occur in the third quarter of fiscal year 2024.
June 05, 2024 | 10:12 am
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Deere & Company announced a plan to reduce production and its salaried workforce to align with strategic priorities. The activities related to salaried employees are expected to occur in the third quarter of fiscal year 2024.
The reduction in production and workforce indicates potential cost-cutting measures, which may be perceived negatively by the market in the short term. Investors might be concerned about the company's current performance and future growth prospects.
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