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Deere laying off 460 workers in Waterloo

Approximately 460 John Deere employees in Waterloo were told Friday morning they are on indefinite layoff effective October 20th.

Last week, Deere & Company announced that over 600 manufacturing jobs would be cut at four locations: John Deere Harvester Works, East Moline, IL; John Deere Seeding and Cylinder, Moline, IL, John Deere Des Moines Works, Ankeny, IA and John Deere Coffeyville, Coffeyville, KS.  In that announcement, the company said no other locations were affected. 

Deere says all of these layoffs are in response to the current market demand for its products.

“Layoffs are never easy because we understand the significant impact this action has on our employees, their families, and the community” said Dave DeVault, factory manager. “We very carefully assess our workforce requirements to ensure we make the best possible decision to respond to various market conditions.”

When Deere announced third quarter earnings on August 13th, the company said it planned to reduce agricultural equipment production for the balance of the year.

Deere has emphasized that the company must match the size of its manufacturing workforce with market demand to remain globally competitive.  Deere had hired several hundred manufacturing employees in recent years to meet increased demand for products manufactured in its Midwest U.S. factories.

posted : August, 22nd by KXEL


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