Deere Trims Workforce

December 3, 2015 11:07 AM
 
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It’s a tough time to work for a machinery company.  Deere & Co. on Monday announced that it planned to lay off more than 200 workers at the John Deere Seeding and Cylinder in Moline, Ill., in early 2016.

“In the past, manufacturing employees at John Deere Seeding and Cylinder have experienced seasonal layoffs in the spring and returned to work in the fall,” the company said. “Today's announcement is an indefinite layoff with no specific call-back date.”

While Deere’s latest profit forecast beat analysts’ estimates, the market for farm machinery continues to be soft as producers deal with low crop and softening livestock prices.

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Comments

 
Spell Check

Chad Kunz
Centerville, PA
12/8/2015 10:34 AM
 

  Hmmm... Prices too high, market too slow, equipment too complicated for average farmer to fix. Why buy new? Find an old junker (any breed) fix back to new condition, run for twenty more years. Keep the checkbook oiled!... Perhaps they will need to ramp up production of parts, and start selling component chassis for the old stuff. Sell dealer a vintage reliable tractor, minus the engine. Dealer drops in a new create motor, upon farmers request, and suddenly your back in business... Just a thought.

 
 
Chad Kunz
Centerville, PA
12/8/2015 10:41 AM
 

  Hmmm... Prices too high, market too slow, equipment too difficult for average farmer to fix. Why buy new? Find old junker (any breed), fix to like new condition, run another twenty years. Perhaps they'll need to ramp up production on parts, or vintage chassis. Dealer orders in complete chassis, minus engine, drops in create engine per customers request. Poof, back in business... Just a thought..

 
 
ksfarmdude
abilene, KS
12/7/2015 01:08 PM
 

  the equipment business is going to see more of these up's and downs because of stagnant sales and over priced equipment nobody wants not to mention dealer lots full of equipment that is still too high for most smaller farmers

 
 

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