The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture Of Motor Vehicles
126 jobs Number of planned job losses
Announcement Date
3 October 2024
Employment effect (start)
3 January 2025
Foreseen end date
Description
The AGCO Group, a manufacturer of agricultural machinery, has announced the reduction of 126 jobs, with 103 positions affected at its Beauvais (Oise) facility. This represents 6.2% of the company's total workforce in France. At the Beauvais site, 59 positions will be cut from the engineering sector, while the internal restructuring plan will also impact finance, marketing, and human resources units. This decision is part of a broader global restructuring effort, which has similarly affected other European countries, including Germany.
Reactions from social partners have ranged from initiating discussions to speculating about a potential relocation of production. Concerns over job cuts have been circulating since July 2024, driven by a decline in demand for agricultural machinery.
Previously, on ERM Events records, AGCO leaded recruitement campaigns in the Beauvais sit: in 2017, with 100 new employees AGCO 2017 - FR and 2013, also with 100 new hirings AGCO 2013 - FR.
Eurofound (2024), AGCO, Internal restructuring in France, factsheet number 201713, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201713.
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