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Deere undergoes massive layoffs

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Company in Monroe to lay off 100+ workers ahead of holidays Description video: Company in Monroe to lay off 100+ workers ahead of holidays Deere undergoes massive layoffs Deere & Co. laid off dozens of employees at her western Illinois […]

Company in Monroe to lay off 100+ workers ahead of holidays

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Company in Monroe to lay off 100+ workers ahead of holidays

Deere undergoes massive layoffs

Deere & Co. laid off dozens of employees at her western Illinois plant due to declining demand for agricultural harvesters.

One of the company’s employees believes he was lucky to avoid losing his job, but he was transferred to a lower-level position with a pay cut. Welder Devin Spencer blames the U.S. trade war for his situation with China, which hurt American agricultural exports and slowed equipment sales.

Spencer fears that if the situation does not improve, the company will continue its massive layoffs. Hundreds of workers at combine plants fear losing their jobs amid protracted trade conflict.

«The number of orders has decreased so much that I am lucky that I still have there is work. What happens if orders disappear altogether? I will find myself on the street», – noted Spencer.

Deere, the world’s largest tractor maker, said last month that it had indefinitely laid off 50 employees at its combine plants. Each factory has matched the number of employees with the demand for its products. 

Harvester Works union chief David Thompson told Reuters that a few weeks later the company extended layoffs for another 100 workers until early January. Another 300 employees were downgraded and lost part of their salaries.

Deere does not publicly disclose extension of temporary layoffs or full layoffs workers. The company declined to comment on this situation, citing employment before the publication of quarterly reports..

The layoffs and job reshuffles, which Thompson says affected about 41% of the plant’s employees, show how the trade war is negatively affecting even large farmers like Deere..

Retail sales of the aforementioned company’s combine harvesters have been falling since May. Its competitors are also struggling with falling financial performance..

Deere undergoes massive layoffs