John Deere, the world’s largest seller of tractors and crop harvesters, has announced another wave of layoffs Friday, telling around 610 production staff at plants in Illinois and Iowa that they will be out of a job by the end of the summer, according to reports.
The company is slashing around 280 workers from a plant in East Moline, Illinois, while another 230 employees are being let go at a factory in Davenport, Iowa. About 100 production employees at the company’s Dubuque, Iowa, plant will also be impacted. All layoffs are said to be effective from Aug. 30, per a press release cited by several outlets.
According to the release, the layoffs are being made due to reduced demand for John Deere's products from those factories.
https://www.foxbusiness.com/economy/john-deere-announces-mass-layoffs-midwest-amid-production-shift-mexico
by ExtremeComplex
3 comments
Are they laying anybody off in Mexico?
According to Deere, each of its factories “balances the size of its production workforce with the needs of the individual factory to optimize the workforce at each facility.” Makes sense in theory, but there might be more to it when it comes to Deere’s strategic plan.
In a statement a Deere representative referred to as “unrelated” the company also said last week that it will be shifting some production from its Dubuque Works facility in Iowa to a new facility it is building in Ramos, Mexico.
That is a rather unfortunate decision, given the future tariffs on import of tractors from Mexico….
But don’t worry, they will not come in action until the manufacturing starts.