John Deere announces layoffs

[QChawks]

EAST MOLINE, Ill. (KWQC) - John Deere Harvester Works has announced indefinite layoffs coming in October.

According to a media release, John Deere has informed members of the workforce at John Deere Harvester Works in East Moline, that approximately 225 production employees will be placed on indefinite layoff effective Oct. 16.

The media release stated that employees were told of the layoffs by factory leadership in meetings today at the factory.

Although John Deere has hired hundreds of employees in the Quad Cities in recent years, the company has consistently stated that each Deere factory balances the size of its production workforce with the needs of the individual factory to optimize the workforce at each facility, the media release said.

The media release continued to say that John Deere Harvester Works currently has about 2,300 total employees with about 1,975 of them working in production and maintenance jobs.

TV6 spoke with Illinois, U.S. Sen. Dick Durbin about his reaction to the layoffs at Deere.

“Deere is a great company and a great employer in the region,” Sen. Durbin said. “I’m sorry that there’s a setback in terms of their workforce, but I hope that they can recover quickly.”

TV6 has reached out to UAW for a response and have not heard back.

 

[torbee]

Nice


Deere & Co. continued to rake in record profits this fall, and the company expects to make even more money next year.

The agriculture and construction equipment maker disclosed Wednesday morning that the company earned a $2.25 billion profit for the quarter that ended Oct. 30, led by continued strong demand from farmers and builders. Deere also benefited from shippers catching up on old parts orders, allowing the company to finish and sell about $400 million worth of machines that had sat partially built in parking lots, waiting for their final components.

John Deere beat expectations last quarter, vows to break more records next year

Company executives predict that farmers will continue to pounce on new equipment as corn and soybean prices stay high.

www.desmoinesregister.com

 

[NorthernHawkeye]

 

[Formerly Rockymtnole]

Record profits and the CEO made $20.3M in 2022 (total comp).

Yet they jettison workers at the first sign of a downturn.

 

[Chishawk1425]

Corporate greed but you knew that.

 

[hawkdave007]

This was baked-in to the last contract, sadly. That's what the people in the know tell me anyway.

 

[NorthernHawkeye]

This is just the beginning. Buckle up folks and "remember, you wanted this."

 

[OutbackBowl2017]

Are Deere workers on strike if they are part of the UAW?

 

[Formerly Rockymtnole]

This is justbthe beginning. Buckle up folks and "remember, you wanted this."

What are you talking about?

Without looking it up, I’m guessing Deere has done well the last few years with farmers buying new equipment and now the cycle is turning downward. As it has forever.

Are you claiming this is now something different?

 

[sabula]

This is justbthe beginning. Buckle up folks and "remember, you wanted this."

Record profits, yet you whine. Thanks Choir Boy Joe for setting the stage for those records. Pew pew though to Deere mgmt.

 

[QChawks]

Trump was in the area for only a few hours and the economy already takes a shit

 

[Hawkeyenuts66]

What are you talking about?

Without looking it up, I’m guessing Deere has done well the last few years with farmers buying new equipment and now the cycle is turning downward. As it has forever.

Are you claiming this is now something different?

Interest rates at a 20+ year high is something different.

 

[markfromj]

Record profits and the CEO made $20.3M in 2022 (total comp).

Yet they jettison workers at the first sign of a downturn.

Lol that there is anything wrong with this.

 

[markfromj]

Maybe if those East Moline workers had focused on building stuff rather than running a train on a hooker, they’d still have jobs.

 

[Here_4_a_Day]

Record profits and the CEO made $20.3M in 2022 (total comp).

Yet they jettison workers at the first sign of a downturn.

Ummmmm….Deere is not a welfare office, comrade.

 

[alaskanseminole]

Record profits and the CEO made $20.3M in 2022 (total comp).

Yet they jettison workers at the first sign of a downturn.

My company, AT&T, is the same. We're a billion company, but act like we're dirt poor.

 

[Hawkeyenuts66]

Record profits and the CEO made $20.3M in 2022 (total comp).

Yet they jettison workers at the first sign of a downturn.

It's called business, the name of the game is profits.

 

[Hawkeyenuts66]

My company, AT&T, is the same. We're a billion company, but act like we're dirt poor.

That's why they're a billion dollar company.

 

[sober_teacher]

Lol that there is anything wrong with this.

What’s “wrong” is that despite massive profits, they still decided to layoff workers…why, exactly?

 

[Hawkeyenuts66]

What’s “wrong” is that despite massive profits, they still decided to layoff workers…why, exactly?

Lack of work maybe? Are they supposed to pay people to stand around?

 

[sober_teacher]

Lack of work maybe? Are they supposed to pay people to stand around?

It’s such a worldwide industry now that idk that that explanation makes sense on the heels of massive profits.

But heck, I would think that in the short-term there’s all sorts of trainings, maintenance, etc they could do. Also, Deere used to do a two week shutdown in late summer when orders would slow down for a bit. Just saying it feels like there’s other options than layoffs.

 

[Formerly Rockymtnole]

Lol that there is anything wrong with this.

Yes, we know where you stand.

 

[Hawkeyenuts66]

It’s such a worldwide industry now that idk that that explanation makes sense on the heels of massive profits.

But heck, I would think that in the short-term there’s all sorts of trainings, maintenance, etc they could do. Also, Deere used to do a two week shutdown in late summer when orders would slow down for a bit. Just saying it feels like there’s other options than layoffs.

Indefinite doesn't sound "short term". Not sure what the union would say if non-maintenance personnel were doing maintenance projects. They frown on that because it's taking work from another individual. Hell you can't move a pallet without calling for a material handler.

The unions have created some of this atmosphere at large factories, it's not just the big wigs.

 

[General Tso]

Technology and automation drove up productivity = disproportionate money in the pockets of the suits and pencil pushers

 

[TennNole17]

Didn't Deere just have a big contract renegotiation ?

 

[sober_teacher]

Indefinite doesn't sound "short term". Not sure what the union would say if non-maintenance personnel were doing maintenance projects. They frown on that because it's taking work from another individual. Hell you can't move a pallet without calling for a material handler.

The unions have created some of this atmosphere at large factories, it's not just the big wigs.

Sure, and there’s likely other factors going on that you or I aren’t aware of as well.

Just saying that imo I feel like there’s other options short of layoffs - what does “indefinite layoff” even mean? Are we talking 3, 6, 9+ months? Do workers lose any seniority they accrued if/when they are brought back?

 

[HawkMachine]

The same people bitching about this also bitch when their 401k, IRA, etc. go down.

You can’t have your cake and eat it too morons.

 

[Randy Marsh]

It’s such a worldwide industry now that idk that that explanation makes sense on the heels of massive profits.

But heck, I would think that in the short-term there’s all sorts of trainings, maintenance, etc they could do. Also, Deere used to do a two week shutdown in late summer when orders would slow down for a bit. Just saying it feels like there’s other options than layoffs.

That article above said the record profits were due in part to being able to finish and sell machines that had previously sat unfinished. Deere seemingly has no more capacity at this time.

Their goal is to maximize profits, it seems they have done so.

 

[Hawki97]

I don’t expect Deere or any public company to look out for or have loyalty to their employees. That way of thinking is long gone.

I also don’t expect any employee to have any loyalty to a company. Something better comes along, give your two weeks, phuck them and move on no matter how much it puts them in a lurch. If you’re good, know your value and take advantage.

 

[binsfeldcyhawk2]

This is the new normal with Robotics and AI.

They can get the same productivity with less humans. Sucks but they aren't a jobs program.

 

[Tom Paris]

This is just the beginning. Buckle up folks and "remember, you wanted this."

If anyone wants stuff like this it's people like you who want the country to fail so you can say that your team won. You're a hack. Own the libs. That's you. Uncaring prick.

 

[Tom Paris]

It's called business, the name of the game is profits.

Pro-wealthy; anti-middle class, right here.

 

[NorthernHawkeye]

If anyone wants stuff like this it's people like you who want the country to fail so you can say that your team won. You're a hack. Own the libs. That's you. Uncaring prick.

That's straight from the left's playbook.

 

[abby97]

Nice


Deere & Co. continued to rake in record profits this fall, and the company expects to make even more money next year.

The agriculture and construction equipment maker disclosed Wednesday morning that the company earned a $2.25 billion profit for the quarter that ended Oct. 30, led by continued strong demand from farmers and builders. Deere also benefited from shippers catching up on old parts orders, allowing the company to finish and sell about $400 million worth of machines that had sat partially built in parking lots, waiting for their final components.

John Deere beat expectations last quarter, vows to break more records next year

Company executives predict that farmers will continue to pounce on new equipment as corn and soybean prices stay high.

www.desmoinesregister.com

So, companies that are profitable are evil, is that your premise? I'll counter that the blue collar employees Deere employ are way over paid. Maybe if they accepted a fair salary for a fair days work, layoffs wouldn't be as frequent or severe. UAW members at Deere are mostly required to show up and be on time unlike the CEO who actually has to show results.

 

[Finance85]

Record profits and the CEO made $20.3M in 2022 (total comp).

Yet they jettison workers at the first sign of a downturn.

What does the Illinois plant produce? If a product isn't in demand, do you think a company should just keep producing it? If they slow production, what should the idle workers do each day? Hang out in the lunch room?

 

[sober_teacher]

So, companies that are profitable are evil, is that your premise? I'll counter that the blue collar employees Deere employ are way over paid. Maybe if they accepted a fair salary for a fair days work, layoffs wouldn't be as frequent or severe. UAW members at Deere are mostly required to show up and be on time unlike the CEO who actually has to show results.

Yes, the workers are simply expected to show up, and not expected to…work?

 

[onlyTheObvious]

Deere isn’t likely refusing orders so we can assume they can make everything needed with less people.

Union should be buying company stock. You can buy a seat at the table.

 

[Tom Paris]

That's straight from the left's playbook.

Completely wrong as usual. You always project BS onto the rest of us. Just like your political leaders do.

What infrastructure plan did your part pass? Nothing. Lots of good work is getting done around the country that Republicans are trying to take credit for...because they know it's good for Americans.

Use. Logic.

 

[Tom Paris]

So, companies that are profitable are evil, is that your premise? I'll counter that the blue collar employees Deere employ are way over paid. Maybe if they accepted a fair salary for a fair days work, layoffs wouldn't be as frequent or severe. UAW members at Deere are mostly required to show up and be on time unlike the CEO who actually has to show results.

Another Pro-corporation, anti-middle class Republican voter. The top 1% LOVES the way you think.

 

[NorthernHawkeye]

Completely wrong as usual. You always project BS onto the rest of us. Just like your political leaders do.

What infrastructure plan did your part pass? Nothing. Lots of good work is getting done around the country that Republicans are trying to take credit for...because they know it's good for Americans.

Use. Logic.

33 trillion