John Deere Planning Layoffs at Ankeny, Ottumwa Plants

MOLINE, Illinois – Deere & Company announced more than 600 workers, at four locations, will be placed on indefinite layoff.

Friday’s layoff announcement was issued two days after the company announced third quarter 2014 earnings dropped to $2.33 per share compared to $2.56 per share for the same period the previous year. Deere & Company net income also dropped from $2.73 billion in the first nine months of 2013 to $2.513 billion in the first nine months of 2014. Worldwide sales and revenue were also down.

“Deere’s third-quarter performance reflected moderating conditions in the global farm sector, which have negatively affected demand for farm machinery and contributed to lower sales and profits for our agricultural-equipment business,” said Deere’s chairman and CEO, Samuel Allen.

“Deere had hired several hundred manufacturing employees in recent years to meet increased demand for products manufactured in its Midwest U.S. factories,” said a statement about the layoffs from John Deere.

The indefinite layoffs announced August 15 affected workers at John Deere Harvester works in East Moline, Illinois; John Deere Seeding and Cylinder in Moline, Illinois and John Deere Coffeyville in Coffeyville, Kansas. John Deere Des Moines Works in Ankeny, Iowa was placed on extended shutdown in July, and workers at that facility were to be part of the group subjected to indefinite layoff.

Deere also implemented seasonal shutdown affecting most workers at John Deere Ottumwa Works in Ottumwa.

7 comments

    • Adam

      You must have missed the part where it was reported that Deere is headquartered in Moline,Il. I bet you voted for Obama!

    • Troy Hendrickson

      According to the Iowa Economic Development Authority, there is a shortage of skilled manufacturing workers in Iowa, so, if the Branstad economy is as strong as his little minions claim, none of the laid off workers will have no problem getting a new job at the same wages their skills brought them at John Deere.

      However, the state and local government need to discuss repayment of welfare given to John Deere for the creation of jobs, since they didn;t live up to their end of the agreement.

  • Lohas

    So Ankeny approved a $25 million tax break for JD in 2013 when they announced an expansion that supposedly will create 250 jobs, but then they turn around and layoff over 200 people the very next year!!

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