from Prosperous America
John Deere will lay off or offer early retirement to over 200 workers in Iowa, while at the same time the tractor producer is gearing up to move production of mid-frame skid steer loaders and compact loaders from its plant in Dubuque, Iowa to a proposed new facility in Mexico. This is the sign of the times.
Mexico is the big winner of what Janet Yellen likes to call “friend-shoring”. Only, the idea was to leave China and set up shop in Mexico, not leave the U.S. and manufacture there instead. This will be a new trend to watch as China, and Southeast Asia more broadly, become increasingly embroiled in trade cases and threats of new tariffs.
A Deere representative told Industrial Equipment News (IEN) on June 11 that “unrelated to the layoffs”, the company is shifting some production from its Dubuque facility to the new one they are building in Ramos, Mexico, a roughly three-and-a-half-hour drive to the Texas border.
Deere told IEN that “when the facility is operational in 2026, production of mid-frame skid steer loaders and compact track loaders will be relocated from Dubuque to Ramos.”...
read more here
Slitting their own throats, just as Toyota recently did with moving their very highly quality rated decades TACOMA plant to Mx, and now of course that that product is shipped across and available for sale stateside, its ghastly build 'quality' is documented, starting with its pissant gutless useless L4 2.4L turbo POS engine---that absolutely eliminates it from the "smaller work truck" segment of buyers.
ReplyDeleteThey now very scornfully refer to it as the TACO!
To note, the claimed 'saving' of paying workers $4 US equivalent, vs $20+ USA, means only about $1500 less in input costs thus teensy lower selling price off the lot of $50K- $75K range, because there's so much robotics and other automation it's down to nothing!
Many inet stations from biggest like scotty kilmer to others of only 100-250K have dozens of detailed exposes on this.