DULUTH,
Ga., Oct. 3, 2024 /PRNewswire/ -- AGCO
(NYSE: AGCO), a global leader in the design, manufacture and
distribution of agricultural machinery and precision ag technology,
is pleased to announce the launch of the AGCO Employee Relief
Fund.
Underscoring AGCO's commitment to enhancing its employee health
and wellbeing offerings, the fund provides rapid assistance in the
wake of significant crisis events such as natural disasters.
"We were inspired to launch the AGCO Employee Relief Fund
following the devastating floods in the Rio Grande do Sul
region of Brazil, where hundreds
of our employees were impacted," said Ivory Harris, SVP and
Chief Human Resources Officer. "Many employees lost everything.
We hope these grants help these families to recover and
rebuild and that we can help even more employees in future
disasters."
AGCO has so far committed over $450,000 to Brazilian employees and their
families in the initial phase of relief fund grants.
"I remember the day I received the card that described all the
benefits available and, automatically, my eyes watered – an immense
joy," said employee, Isadora
Sanches, a Finance Assistant living in Canoas. "In fact,
this news was a joy for our whole family – a bit of peace and
security amidst the chaos. Unfortunately, we were unable to prevent
this catastrophe but knowing that we have AGCO's support in the
reconstruction fills my heart with joy, hope and belonging."
Employees can submit a request for grant support through the
Relief Fund, and eligibility is based on the significance of the
crisis. E4E Relief, a third-party administrator with more than two
decades of experience serving clients in this space, is
administering the program to ensure confidentiality and impartial
decision making.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agricultural machinery and precision ag technology.
AGCO delivers value to farmers and OEM customers through its
differentiated brand portfolio including core brands like Fendt®,
GSI®, Massey Ferguson®, PTx and Valtra®. AGCO's full line of
equipment, smart farming solutions and services helps farmers
sustainably feed our world. Founded in 1990 and headquartered
in Duluth, Georgia, USA, AGCO had
net sales of approximately $14.4 billion in 2023. For more
information, visit www.agcocorp.com. For company news, information,
and events, please follow us on X: @AGCOCorp. For financial news on
X, please follow the hashtag #AGCOIR.
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SOURCE AGCO Corporation