80 Gibson City RhinoAg employees to be laid off by March 2025 [Yahoo! Finance]
Alamo Group, Inc. (ALG)
Last alamo group, inc. earnings: 2/27 04:15 pm
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Source: Yahoo! Finance
RhinoAg to close facility in Gibson City next year, laying off employees RhinoAg Company President Lisa Tubbs said around 80 employees will be affected at their facility in Gibson City. Tubbs said the employees will be let go from the company in a “phased approach” between October 2024 and March 2025. A spokesperson for The Alamo Group, the company that owns RhinoAg, shared the following statement with WCIA. The reduction in force we have announced at our RhinoAg facility in Gibson City, Illinois is regrettable, and was only made after careful consideration. However, we feel that these actions are necessary given the difficult market conditions in our agricultural equipment segment. Like other manufacturers in this space, we've experienced a significant reduction in customer demand as a result of the general softening of the agricultural markets we serve. Despite the difficulties we face today, RhinoAg continues to be one Alamo Group's strongest brands, and we remain fully comm
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News
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- Alamo Group (NYSE:ALG) shareholders have earned a 11% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Alamo Group Inc. (NYSE: ALG) had its price target raised by analysts at DA Davidson from $209.00 to $219.00. They now have a "buy" rating on the stock.MarketBeat
- RhinoAg to close facility in Gibson City next year, laying off employees [Yahoo! Finance]Yahoo! Finance
ALG
Earnings
- 7/31/24 - Miss
ALG
Sec Filings
- 8/29/24 - Form 4
- 8/28/24 - Form 144
- 8/21/24 - Form 4
- ALG's page on the SEC website