Deere Layoffs Job Cut: fires another 160 employees at Iowa factory: Finance Trading Times

Deere Layoffs Job Cut: fires another 160 employees at Iowa factory

The news is from Deere, a global company for manufacturing farm equipments which is going for layoffs. We had reported in January about the John Deere Layoffs Job Cut and there are these unfortunate additions to it. The news is not good for the employees of the Deere as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Deere. Deere Logo
How many employees may be fired in the Deere layoffs?
As per the reports, there may be around 160 job cuts by the company. This is in addition to the Deere layoff in January where the company fired around 700 employees

What is the total no. of employees of Deere ?
The total no. of Deere employees is 56,700 as of now.

What will be the cost and savings by Deere layoffs?
No info about that.

When will the Deere layoffs happen?
As per the reports, the layoffs will be done on April 27, 2009.

Which locations and department of employees will be affected by the Deere layoffs ?
The Des Moines, Iowa, factory will be affected. It manufactures tillage, planting, spraying and cotton-harvesting equipment.

What is the primary reasons for Deere layoffs?
It's all about the worsening market situation, decline in demand and so on. Farmers are delaying their purchases for the farm equipments and hence the farm equipment companies like john Deere are feeling the heat.

Any other news about Deere layoffs
As per CNN, Sales of tractors and combines in the U.S. this year are expected to fall by 5% to 15% from 2008, according to industry estimates.
Let's hope that alternative jobs are available to the affected employees of Deere Layoffs Job Cut
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