ARRIVE THIS EVENING. JOHN DEERE PLANS TO LAY OVER 300 PEOPLE IN OUR STATE OVER THE NEXT MONTH. THE COMPANY HAS ALREADY CUT MORE THAN 450 POSITIONS THIS YEAR. This includes 150 jobs in Ankeny. KCCI’S ETHAN HUMBLE SPOKE WITH A FINANCIAL EXPERT TO FIND OUT WHAT’S DRIVING THE CUTS. WE FOUND A LETTER SENT TO ALL JOHN DEERE EMPLOYEES AND CONFIRMED IT WITH A WORKER. THE COMPANY SAYS IT DOES NOT TAKE SUCH DECISIONS OR ACTIONS LIGHTLY. ALSO SAYS THIS IS A NECESSARY STEP THAT MUST BE TAKEN TO ENABLE THE LONG-TERM HEALTH OF THE BUSINESS. THIS IS DEFINITELY NOT GOOD. THIS IS DEFINITELY NOT POSITIVE. At John Deere, hundreds of layoffs are coming quickly, and Matthew Mitchell, a financial expert and professor of strategy at Drake University, says they’re happening because of a number of factors: a tough market environment, a falling demand and higher interest rates. ACCORDING TO IOWA WORKFORCE TRENDS, A WARNING NOTICE MEANS THE COMPANY WILL BE REMOVING 240 POSITIONS FROM ITS WATERLOO LOCATION OVER THE NEXT MONTH. HE WILL ALSO FIGHT 58 WORKERS IN URBANDALE AND 16 IN ANKENY. They’ve made some of these decisions, you know, focusing on costs, focusing on a hiring freeze. FIGURES INCLUDE BOTH PRODUCTION AND OFFICE EMPLOYEES. WHEN WE SEE THESE NUMBERS, THEY MAY LOOK BIG. BUT COMPARED TO THEIR FULL EMPLOYMENT IN IOWA, JOHN DEERE STILL REMAINS COMMITTED TO IOWA. MIKE SECKINGER HAS SELLED JOHN DEERE PRODUCTS AT VANWALL EQUIPMENT AND URBANDALE FOR 28 YEARS. He says he expects the company to bounce back after a difficult period. I think, John, that you are strong enough that this will work out well in the long run. This has always been the case, 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 HAVE CONTACTED JOHN DEERE BUT HAVE NOT HAD A RESPONSE. WE ALSO CONTACTED THE UNITED AUTO WORKERS UNION
John Deere announces additional layoffs at its Iowa locations
Updated: 7:24 p.m. CDT June 4, 2024
Iconic Iowa brand John Deere announced layoffs at several of its locations this week, confirming its plans in a May 31 email to employees. The layoffs, according to Iowa Workforce Development, will affect the following locations: John Deere Waterloo Works: 192 workers on June 21 John Deere Des Moines Works in Ankeny: 16 workers on June 6 John Deere Intelligent Solutions in Urbandale: 58 workers on June 6 John Deere Waterloo Works: 49 workers on June 6 The global company employs 70,000 people worldwide, so Iowa’s numbers represent only a small portion of the overall workforce, said Matthew Mitchell, professor of strategy at Drake University. “I would say that these actions are as measured as they are planned. They started with a hiring freeze and only recently announced layoffs. And I think they did a lot of activity before they made this decision to do layoffs,” Mitchell said, “focusing on cost control, trying to correct size, production, hiring , the freeze. » John Deere reported net income of $2.370 billion. in its second quarter results in May. The company expects fiscal 2024 net income of approximately $7 billion. The construction sector remains stable while global demand for agriculture and turf is not as strong, the company said. The layoffs come after the company announced that 190 workers would lose their jobs later this month. The company also announced more than 300 layoffs in April.” Download the free KCCI app to get updates on the go: Apple | Google PlayGet the latest headlines from KCCIIthis is about Mike Schechinger, the manager of the Van Wall Equipment store at 100th Street and Douglas Avenue in Urbandale. “It’s definitely not positive,” he said in the showroom surrounded by green and gold mowers and equipment. He has worked there for 28 years. “I know there’s been some ebb and flow over the years, you know, decades with layoffs and downsizing and that sort of thing. And then people were called back. “Spring sales were good,” he said. It is difficult to predict whether this will have an impact on his business. “I hate to see this, but I hope it changes and it comes back,” Schechinger said. Iowa’s manufacturing sector remains strong overall, Association of Business and Industry President Mike Ralston said. “I expect that other employers will be able to recruit the former Deere workers and that Deere itself, in the future, will look to hire again,” he said.
Iconic Iowa brand John Deere announced layoffs at several of its locations this week, confirming its plans in a May 31 email to employees.
The layoffs, according to Iowa Workforce Development, will affect the following locations:
- John Deere works in Waterloo: 192 workers on June 21
- John Deere Des Moines works in Ankeny: 16 workers on June 6
- John Deere Intelligent Solutions in Urbandale: 58 workers on June 6
- John Deere works in Waterloo: 49 workers on June 6
The global company employs 70,000 people worldwide, so Iowa’s numbers represent only a small portion of the overall workforce, said Matthew Mitchell, a strategy professor at the Drake University.
“I would say that these actions are as measured as they are planned. They started with a hiring freeze and only recently announced layoffs. And I think they did a lot of activity before they made this decision to do layoffs,” Mitchell said, “focusing on cost control, trying to correct size, production, hiring , the freeze “.
John Deere reported net income of $2.370 billion in its second quarter in May. The company expects fiscal 2024 net income of approximately $7 billion. The construction sector remains stable while global demand for agriculture and turf is not as strong, the company said.
The layoffs come after the company announced that 190 workers would lose their jobs later this month. The company also announced more than 300 layoffs in April.
» Download the free KCCI app to get updates on the go: Apple| Google game
Get the latest headlines from KCCI
This is worrying for Mike Schechinger, the manager of the Van Wall Equipment store at 100th Douglas Street and Avenue in Urbandale. “It’s definitely not positive,” he said in the showroom surrounded by green and gold mowers and equipment. He has worked there for 28 years. “I know there’s been some ebb and flow over the years, you know, decades with layoffs and downsizing and that sort of thing. And then people were called back.
Spring sales were good, he said. It is difficult to predict whether this will have an impact on his business. “I hate to see this, but I hope it changes and it comes back,” Schechinger said.
Iowa’s manufacturing sector remains strong overall, Association of Business and Industry President Mike Ralston said.
“I expect that other employers will be able to recruit the former Deere workers and that Deere itself, in the future, will look to hire again,” he said.