Deere Announces Employee Buyout Program
USAgNet - 12/05/2019
Deere rolled out a volunteer employee buyout program last week ahead of its fourth-quarter earnings call.
According to the Quad City Times, Deere's Global Public Relations Director Ken Golden said the voluntary separation program is being offered to segments of Deere's employees.
"Some employees working in precision technologies and other new product programs are examples of those who are not eligible," he said. "Deere is deploying this voluntary separation program to create a leaner, more focused organization that is more agile and
has the skills and competencies needed for the future."
Deere officials declined to comment on how many workers were offered the program or if there is a goal of how many employees will participate in it. Deere last offered a buyout this broad in 2016.