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| Economy |
| John Deere announces mass layoffs in Midwest amid production shift to Mexico |
| 2024-07-07 |
| [FOX] John Deere, the world’s largest seller of tractors and crop harvesters, on Friday announced another wave of layoffs, telling around 610 production staff at plants in Illinois and Iowa that they will be out of a job by the end of the summer. The company is slashing around 280 workers from a plant in East Moline, Illinois, while another 230 employees are being let go at a factory in Davenport, Iowa. About 100 production employees at the company’s Dubuque, Iowa, plant will also be impacted. All layoffs are said to be effective from Aug. 30, the company tells FOX Business. The layoffs are being made due to reduced demand for John Deere's products from those factories. The company says it generated $10.166 billion in profits last year. |
| Posted by:Besoeker |
| #17 Trump should announce that once President he will put a 100% tariff on a John Deere products entering the USA. That will stop it. |
| Posted by: Huputle+Cherelet4131 2024-07-07 19:53 |
| #16 Hasn't JD been one of the worst in suing owners who alter the software on their own tools? also right-to-repair outrages? |
| Posted by: Frank G 2024-07-07 13:27 |
| #15 Do we have a deal ? Look for subsidies from Mexico to build new facilities and transport inventory. Clinton's NAFTA/cartel money laundering at it's best. |
| Posted by: Skidmark 2024-07-07 13:15 |
| #14 I wonder why International Harvest went bust? |
| Posted by: Seeking Cure For Ignorance 2024-07-07 13:07 |
| #13 You facilitate the onward movement of 10 million amigos across our Southern border and we'll give you Juan Deere. Do we have a deal ? |
| Posted by: Besoeker 2024-07-07 12:49 |
| #12 Tractor Supply understood the same customer base. Deere is making a mistake that is not easily rectified. |
| Posted by: Super Hose 2024-07-07 12:20 |
| #11 Smaller compact tractors: Kubota |
| Posted by: Frank G 2024-07-07 11:31 |
| #10 Hopefully there's a Japanese tractor company out there to replace the Deere shiite. Japs will build US factories, hire US workers and sell a quality product made in the USA. |
| Posted by: Regular+joe 2024-07-07 11:22 |
| #9 There are a lot of reasons not to buy their product. |
| Posted by: Super Hose 2024-07-07 10:58 |
| #8 /\ IRB...why is that simple truth so difficult for some to understand ? |
| Posted by: Besoeker 2024-07-07 08:39 |
| #7 companies do not pay taxes they collect taxes from their customers. tax only individual income. |
| Posted by: irish rage boy 2024-07-07 08:38 |
| #6 ^See #2 |
| Posted by: Grom the Reflective 2024-07-07 07:24 |
| #5 Wonder if they factored in the cost of corruption, protection money, the feather bedding of non-productive members of the ruling caste, and, of course, ransom money for executives and their family members into their bottom line. |
| Posted by: Procopius2k 2024-07-07 07:14 |
| #4 Simply put, The USA with all of its taxes on top of taxes and Eco lawyers always seeking $$$$ for something. The USA is not their best ROI business nation anymore. Besides, with their NAFTA move to Mexico to reduce operating issues (Labor/Fed Reg/Taxes) & costs. It stands to reason they'd, just like the Auto industry, would start dumping US workers as they move. |
| Posted by: NN2N1 2024-07-07 03:39 |
| #3 It’s what China wants. |
| Posted by: Jefe101 2024-07-07 01:55 |
| #2 And when some Mexican government decides to nationalize their plant - they'll expect US military to intervene? |
| Posted by: Grom the Reflective 2024-07-07 01:41 |
| #1 The company says it generated $10.166 billion in profits last year. More profit is needed. |
| Posted by: Besoeker 2024-07-07 01:38 |