Tuesday, July 09, 2024

John Deere, has announced around 610 production staff, 280 workers from Illinois, and 330 employees in Iowa, will be out of a job by Aug. 30

The company says it generated $10.166 billion in profits last year, but "rising operational costs and declining market demand requires enterprise-wide changes"

Earlier this month, Deere announced it is moving the manufacturing of skid steer loaders and compact track loaders from its Dubuque facility to Mexico by the end of 2026.

In October, John Deere announced its first wave of 225 layoffs at its Harvester Works plant in East Moline. Another 34 production employees were laid off in May at its Moline Cylinder Works factory, while in March, company officials announced that they would lay off 150 more workers at a plant in Ankeny, Iowa, where sprayers and cotton pickers are made.

About 500 employees have been let go at its Waterloo plant in Iowa

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4 comments:

  1. Oldtom91:04 PM

    More American workers being screwed for GREED!

    ReplyDelete
    Replies
    1. ---11:22 AM

      That is capitalism at work for you. We have been educated to look for lower costs and maximize profits. Some times the search for lower costs includes moving jobs overseas. It is ok not to like it but lets be clear what is that we are saying...

      Delete
    2. Jesse6:42 PM

      you don't get to say "lets be clear what we're saying" while hiding behind anonymity. I don't tolerate hypocrites

      Delete
  2. Brad Sinn, formerly of MN, now of the mountains of AZ10:40 AM

    I concur with Oldtom9. They're just off-shoring major components.

    ReplyDelete