Layoffs of salaried Deere employees to begin next week

from AG Daily

About eight weeks after Deere & Co. sent out a letter discussing plans to lay off global salaried employees, the company says an official layoff announcement is scheduled for July 24.

This decision also comes on the heels of an email sent to employees on July 15, indicating the upcoming workforce reductions. These layoffs, according to Deere, are part of a broader strategy the company has been implementing to adjust its workforce in recent months.

The layoffs will affect a number of salaried workers worldwide that has yet to be revealed. Deere says that the affected employees will begin receiving notifications on Wednesday, July 24. Those whose roles do not require them to be onsite have been asked to work from home from July 24 to July 26 and to postpone any business travel during this period. A global meeting will be held to provide more detailed information about the workforce changes. Employees who are being laid off will receive information regarding severance offers and other separation details...

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John Deere: Shrinking In Iowa, But Set To Grow In Mexico

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.”...

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