According to a report from The Courier, Deere has announced plans to layoff 35 employees at its Waterloo Works facility (effective Aug. 3) and 82 employees at its Davenport Works facility (effective Aug. 2).
Data from the Iowa Worker Adjustment and Retraining Notification Act shows Davenport Works has lost 252 jobs in the last year, Dubuque Works has lost 264 jobs, and Waterloo has lost 77 jobs.
Deere also announced another employee buyout program last month.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
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