Deere employees take early retirement

The Des Moines Register reported on June 3 that John Deere has accepted early retirement applications from 103 factory workers at Deere’s Ottumwa plant. Workers at that plant, according to the Deere website, manufacture hay and forage equipment. The workers taking ending their careers at the company May 31 will receive lump sum payments. Deere cut another 16 jobs at the factory June 1.


In news first reported by Waterloo-based KWWL and confirmed by the Des Moines Register, company executives announced in a May 31 email that Deere will reduce staff count later this year. In the email, executives wrote that they would eliminate “overlap and redundancy” by the end of July.

The Register reported that Deere made filings with Iowa Workforce Development and had cut at least 650 jobs across Iowa earlier this year.

Deere manufacturers lawn and garden equipment, utility vehicles, and mowers at facilities in North Carolina, Tennessee and Wisconsin. 

We posted in May this year that Deere & Company, in its second quarter of 2024, reported worldwide net sales and revenues decreased 12 percent. Deere then reported that its outlook for its Small Ag and Turf business segment is a decrease of 20 to 25 percent. “We are proactively managing our production and inventory levels to adapt to demand changes and position the business for the future,” explained John C. May, chairman and chief executive officer. “Despite market conditions, we are committed to our strategy and are actively investing in and deploying innovative technologies, products, and solutions to ensure our customers’ success.”

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