Voluntarily separating with a MultiCultClassics Monologue…
• Nothing runs like a Deere—except Deere employees presented with voluntary separation packages. About 800 salaried employees agreed to leave with the program, which will apparently save the company $75 million.
• Restaurant chain Benihana reported its net income dropped in the fiscal 4Q, citing charges related to the retirement of its CEO. Somebody should have called the Deere accountants for advice.
• Sears will introduce a buyer’s protection program to help customers who lose their jobs. The program applies to sales of appliances that exceed $399, purchased with a Sears credit card. Not sure if it includes Deere lawn mowers.
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