WATERLOO, Iowa — John Deere will lay off more than 300 employees in Waterloo, Iowa, effective late September, KWWL News 7 reports.
An email sent to employees Wednesday morning stated in part, "Today, we are announcing that John Deere Waterloo Operations will lay off 345 production employees, effective September 20, 2024. This layoff is indefinite and affects production workers with the least seniority at Waterloo Operations."
John Deere recently announced layoffs for Dubuque, Davenport and Moline, Ill., as well are previous Waterloo layoffs earlier in the year.
The company states it is "working to balance the size of its manufacturing workforce with market demand for its products."
Several industry sources inquired with Ag Equipment Intelligence editors to confirm the chatter of an “extended vacation shutdown” at John Deere’s Waterloo, Iowa, facilities due to the declining demand picture for ag tractor and combines. John Deere’s Ag & Turf Division’s PR manager Jenni Badding was reached by Ag Equipment Intelligence staff but declined to comment.
Source : Farm Equipment