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  • WHO 13

    More Iowa John Deere layoffs announced

    By Kelly Maricle,

    7 hours ago

    https://img.particlenews.com/image.php?url=1HjGhP_0ud7RoGT00

    DES MOINES, Iowa — Last week John Deere announced it would be cutting some salaried positions due to a decline in agricultural equipment sales, and Wednesday, those employees learned their fate.

    According to a WARN notice on the Iowa Workforce Development website, John Deere let go of 69 employees in Waterloo and 34 employees in Davenport.

    Des Moines hopes road construction helps long-term infrastructure goals

    In a statement, the company said the layoffs were due to three factors: significant economic challenges, rising operational costs, and reduced customer demand. John Deere Sales are down 20% this year and net income is down 17%.

    Deere says its laid-off workers could receive up to 12 months of severance pay and compensation for unused vacation or paid time off, and job placement help.

    WARN notice records show that in 2024, John Deere eliminated 1,473 manufacturing positions in mass layoffs at its facilities in the state.

    Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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