AGCO Plans Restructuring In Response To Increased Weakening Demand In Agriculture Industry; Expects Initial Phase Of Program To Result In Net Reduction Of Salaried Workforce By Up To 6% - Filing
AGCO Plans Restructuring In Response To Increased Weakening Demand In Agriculture Industry; Expects Initial Phase Of Program To Result In Net Reduction Of Salaried Workforce By Up To 6% - Filing
The Company estimates that it will incur charges for one-time termination benefits of approximately $150 million to $200 million in connection with this phase of the Program, primarily consisting of cash charges related to severance payments, employees benefits and related costs.
該公司預計在這一階段的計劃中，將會因一次性終止福利費用而產生大約1.5億至2億美元的費用，主要包括與員工裁員有關的現金費用、員工福利和其他相關費用。
The Company expects the majority of these cash charges will be incurred in 2024 and the first half of 2025. Once fully implemented, the Company expects this phase of the Program to yield annual run-rate benefits and cost savings of approximately $100 million to $125 million.
公司預計，這些現金費用的大多數將在2024年和2025年上半年產生。一旦完全實施，公司預計該計劃的這個階段將產生約1億至1.25億美元的年度利潤率和成本節省。
The initial phase of the Program is expected to result in a net reduction of the Company's salaried workforce by up to approximately 6% as compared to its salaried workforce as of December 31, 2023.
計劃的初始階段預計將使公司的薪資工人總數減少最多約6%，與2023年12月31日時的薪資工人總數相比。
譯文內容由第三人軟體翻譯。