Deere Cuts More Jobs in Iowa, Illinois

January 23, 2015 12:01 PM
Deere Cuts More Jobs in Iowa, Illinois

Falling grain prices continue to hurt John Deere. The Moline, Ill.-based Deere and Co. said Friday that it would lay off 910 workers in Iowa and Illinois, in yet another reduction in its American workforce.

The newest layoffs will affect Deere facilities in Waterloo, Iowa; the Des Moines Works in Ankeny, Iowa, and the Harvester Works in East Moline, Ill. It represents the third round of layoffs at Deere, which cut more than 1,100 positions in the Midwest last summer as the farm economy slowed.

The economic situation has forced Deere to adjust its business forecasts. The company said in November that it expects $1.9 billion in earnings for fiscal 2015, which was less than analysts expected.

Has your community been affected by the rounds of layoffs at Deere? Let us know on the AgWeb discussion boards.

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Spell Check

Chappell, NE
1/26/2015 08:37 AM

  No doubt all 910 were parts countermen since Deere never has didilly squat in stock at any of their few remaining and urbanly located dealerships.

Weston, MO
1/26/2015 12:22 PM

  I will always respect Deere, I'm both customer and past employee. I've had other colors of equipment and could see the difference in quality and service. Every one is free to buy whatever color they want. Agriculture is a cyclical business, always will be. Yes, they listen to their customers, and yes they are laying off overseas, and yes they still care about their smaller customers. Maybe they're just good business people, preparing for the downturn. If corn is half the price there won't be farmers lined up at dealerships. Maybe we shouldn't criticize unless we know the whole story.

Donald Parchment
Paris, TN
1/23/2015 05:41 PM

  Bet they do not layoff in high paid executives just people that work for a living. Business has been so good for Deere they actually care nothing about their customers just their profits. The little customer means nothing to Deere anymore as they only want the large customers who purchase several units at a time. Deere makes some great products but not the only ones. All that is green is not gold but Deere has a lot of loyal customers but they are slowly driving them away. Glad I do not have to deal with their we do what we want to do attitude and we care less about you and your business anymore.


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