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Companies in the timber industry / Daily News / Forestry / Woodworking machinery / Global / North America
February 29, 2016

John Deere to lay off 100 in construction and forestry segment

John Deere to lay off 100 in construction and forestry segment

John Deere has informed approximately 100 manufacturing employees that they will be placed on indefinite layoff, effective April 1. The layoffs will take place at Deere's factories in Davenport and Dubuque, Iowa. Both facilities are part of the company's construction and forestry division.

Approximately 80 of the layoffs will take place at John Deere Davenport Works while the remaining 20 affects the Dubuque facility.

Deere said the layoffs reflect the company's ongoing efforts to balance the size of its manufacturing workforce with market demand for products at individual factories.

For the last financial quarter, construction and forestry sales of John Deere decreased 23 percent.

The outlook isn't positive as well. Deere's worldwide sales of construction and forestry equipment are forecast to be down about 11 percent for 2016, with the forestry segment alone, expecting a 5 to 10 percent fall from last year's strong levels.

 

 

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