John Deere broadcasts further layoffs at Iowa places

ROLL IN TONIGHT. JOHN DEERE IS PLANNING TO LAY OFF MORE THAN 300 PEOPLE ACROSS OUR STATE IN THE NEXT MONTH. THE COMPANY HAS ALREADY CUT MORE THAN 450 POSITIONS THIS YEAR. THAT INCLUDES 150 JOBS IN ANKENY. KCCI’S ETHAN HUMBLE TALKED WITH A FINANCIAL EXPERT TO HEAR WHAT LED TO THE CUTS. WE FOUND A LETTER SENT TO ALL JOHN DEERE EMPLOYEES AND CONFIRMED IT WITH ONE WORKER IN IT. THE COMPANY SAYS IT DOESN’T TAKE THESE DECISIONS OR ACTIONS LIGHTLY. ALSO SAYING IT’S A NECESSARY STEP THAT MUST BE TAKEN TO ENABLE THE LONG TERM HEALTH OF THE BUSINESS. IT’S DEFINITELY NOT GOOD. IT’S DEFINITELY NOT A POSITIVE. JOHN DEERE HUNDREDS OF WORKER LAYOFFS ARE COMING QUICKLY, AND MATTHEW MITCHELL, A FINANCIAL EXPERT AND PROFESSOR OF STRATEGY AT DRAKE UNIVERSITY, SAYS THEY’RE HAPPENING DUE TO A NUMBER OF FACTORS A CHALLENGING MARKET ENVIRONMENT, DECLINING DEMAND, HIGHER INTEREST RATES. ACCORDING TO THE IOWA WORKFORCE DEVELOPMENTS, WARN NOTIFICATION MEANS THE COMPANY WILL BE CUTTING 240 POSITIONS FROM ITS WATERLOO LOCATION IN THE NEXT MONTH ALONE. IT WILL ALSO BE DROPPING 58 WORKERS IN URBANDALE AND 16 IN ANKENY. THEY’VE TAKEN SOME OF THESE DECISIONS, YOU KNOW, FOCUSING ON ON COST S, FOCUSING ON A HIRING FREEZE. THE NUMBERS INCLUDE BOTH PRODUCTION AND OFFICE WORKERS. WHEN WE SEE THESE NUMBERS, THEY CAN LOOK BIG. BUT COMPARED TO THEIR FULL EMPLOYMENT IN IOWA, JOHN DEERE STILL REMAINS COMMITTED TO IOWA. MIKE SECKINGER HAS SOLD JOHN DEERE PRODUCTS AT VANWALL EQUIPMENT AND URBANDALE FOR 28 YEARS. HE SAYS HE’S EXPECTING THE COMPANY TO BOUNCE BACK FROM THE TOUGH TIME. I THINK, JOHN, YOU’RE STRONG ENOUGH THAT IN THE LONG HAUL IT’S GOING TO BE GOOD. IT ALWAYS HAS BEEN, MITCHELL TELLS ME THE LAYOFFS ARE A MEASURED RESPONSE FROM JOHN DEERE, AND EXPECTS THE MANUFACTURING GIANT TO GROW OVER THE NEXT TEN YEARS. BACK TO YOU. WE DID REACH OUT TO JOHN DEERE BUT HAVE NOT HEARD BACK. WE ALSO REACHED OUT TO THE UNITED AUTO WORKERS UNIONS

Up to date: 7:24 PM CDT Jun 4, 2024

Iconic Iowa emblem John Deere introduced this week layoffs at a number of of its places, confirming plans in a Would possibly 31 electronic mail to staff. The layoffs, in keeping with Iowa Body of workers Building, will impact the next websites: John Deere Waterloo Works: 192 staff on June 21 John Deere Des Moines Works in Ankeny: 16 staff on June 6 John Deere Clever Answers in Urbandale: 58 staff on June 6 John Deere Waterloo Works: 49 staff on June 6The world corporate employs 70,000 international, so the Iowa numbers constitute a small a part of all of the staff, mentioned Matthew Mitchell, a Drake College professor of technique. “I’d represent those movements is as measured as planful. They began with a hiring freeze and now handiest not too long ago have introduced layoffs. And I feel they have pursued numerous actions prior to coming to this resolution to have layoffs,” Mitchell mentioned, “specializing in price keep an eye on, looking to proper sizing, manufacturing, hiring, freeze.”John Deere reported internet source of revenue of $2.370 billion in its second-quarter income in Would possibly. The corporate forecasted internet source of revenue for fiscal 2024 to be about $7 billion. The development trade stays constant whilst world ag and turf calls for aren’t as robust, the corporate mentioned. The layoffs come after the corporate introduced 190 staff would lose their jobs later this month. The corporate additionally introduced greater than 300 layoffs in April.» Obtain the loose KCCI app to get updates at the cross: Apple| Google PlayGet the most recent headlines from KCCIIt’s regarding to Mike Schechinger, the shop supervisor for the Van Wall Apparatus location at one centesimal Side road and Douglas Street in Urbandale. “It is indubitably no longer a good,” he mentioned within the showroom surrounded through inexperienced and gold mowers and gear. He has labored there for 28 years. “I do know that there were some ebbs and flows through the years, you recognize, a long time with layoffs, discounts in drive and that more or less factor. After which other folks being recalled in again in.”Spring gross sales have been just right, he mentioned. It’s tricky to forecast if there can be any have an effect on to his industry. “I hate to look it, however with a bit of luck that’ll flip round and it is going to come again,” Schechinger mentioned.Iowa production stays robust total, mentioned Affiliation of Trade and Trade President Mike Ralston. “I be expecting that different employers will have the ability to deliver the previous Deere staff on board and that Deere itself, down the street, will probably be taking a look to rent once more,” he mentioned.

DES MOINES, Iowa (KCRG) — Iconic Iowa emblem John Deere introduced this week layoffs at a number of of its places, confirming plans in a Would possibly 31 electronic mail to staff. The layoffs, in keeping with Iowa Body of workers Building, will impact the next websites:

John Deere Waterloo Works: 192 staff on June 21 John Deere Des Moines Works in Ankeny: 16 staff on June 6 John Deere Clever Answers in Urbandale: 58 staff on June 6 John Deere Waterloo Works: 49 staff on June 6The world corporate employs 70,000 international, so the Iowa numbers constitute a small a part of all of the staff, mentioned Matthew Mitchell, a Drake College professor of technique. “I’d represent those movements is as measured as planful. They began with a hiring freeze and now handiest not too long ago have introduced layoffs. And I feel they have pursued numerous actions prior to coming to this resolution to have layoffs,” Mitchell mentioned, “specializing in price keep an eye on, looking to proper sizing, manufacturing, hiring, freeze.”John Deere reported internet source of revenue of $2.370 billion in its second-quarter income in Would possibly. The corporate forecasted internet source of revenue for fiscal 2024 to be about $7 billion. The development trade stays constant whilst world ag and turf calls for aren’t as robust, the corporate mentioned.

The layoffs come after the corporate introduced 190 staff would lose their jobs later this month. The corporate additionally introduced greater than 300 layoffs in April.
» Obtain the loose KCCI app to get updates at the cross: Apple| Google PlayGet the most recent headlines from KCCIIt’s regarding to Mike Schechinger, the shop supervisor for the Van Wall Apparatus location at one centesimal Side road and Douglas Street in Urbandale. “It is indubitably no longer a good,” he mentioned within the showroom surrounded through inexperienced and gold mowers and gear. He has labored there for 28 years. “I do know that there were some ebbs and flows through the years, you recognize, a long time with layoffs, discounts in drive and that more or less factor. After which other folks being recalled in again in.”Spring gross sales have been just right, he mentioned. It’s tricky to forecast if there can be any have an effect on to his industry. “I hate to look it, however with a bit of luck that’ll flip round and it is going to come again,” Schechinger mentioned.Iowa production stays robust total, mentioned Affiliation of Trade and Trade President Mike Ralston. “I be expecting that different employers will have the ability to deliver the previous Deere staff on board and that Deere itself, down the street, will probably be taking a look to rent once more,” he mentioned.