(Moline, IL) — A new round of layoffs are underway at John Deere as a reduction in product demand and increased operational costs have forced the company to make cuts.
According to various media reports, the moves by Deere this week could potentially affect 4,500 to 6,000 employees. The layoffs are expected to impact various corporate and administrative divisions globally. As of Wednesday, Deere had not confirmed how many employees were let go or from which facilities.
The Iowa Workforce WARN list shows the Moline based manufacturer laid off 34 employees in Dubuque, IA and 69 employees in Waterloo, IA yesterday. According to KCCI-TV in Des Moines, IA the company says “it will provide up to 12 months of severance pay for employees who are let go, with the exact amount based on years in the company.”
The cuts come after John Deere recently announced hundreds of layoffs of production workers at various locations in Iowa and Illinois.
***Editor’s note: we have reached out to John Deere for comment and will continue to update this story as it develops.