John deere trims 700 workers

[OhioChick]

Source: Herald News Services

Published: Monday, January 26, 2009
Manufacturing - Deere& Co., the world's largest maker of farm equipment, will fire 502 workers at the horizontina planter and combine factory in Brazil as it adjusts to a shrinking North American market.

Earlier this week, 190 employees at Deere's Davenport, Iowa, construction and forestry equipment plants were told they would be laid off or temporarily reassigned effective Feb. 16, moline, Ill.-based Deere said in an e-mailed statement.

Chief executive Robert Lane in November said sales in South America may fall as much as 20 per cent as farmers struggle to obtain credit and a drought in Argentina persists. Construction and forestry equipment, which are made at the Davenport factory, may drop 12 per cent in fiscal 2009, he said.

In the past six months, 188 employees have been placed on indefinite layoff at the John Deere Dubuque works in Iowa, which also makes construction and forestry equipment. Deere has more than 50,000 workers worldwide, according to its website.



Read more: http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=9d234b5b-78a6-481d-8962-ac2b35bf5dd1

[madrchsod]

1. they were hiring in the spring of 2008

john deer has a habit of hiring then a year later laying off...as soon as those construction funds start rolling in the heavy equipment manufactures will be hiring again.

[Azlady]

2. I would THINK with the Stiim package that they would be hiring for

all that construction equipment! WHAT THE HELL

[YDogg]

3. They will no longer be able to mow down the competition

:shrug: