Deere to cut 200 jobs: DE to take cos...

Deere to cut 200 jobs: DE to take cost-cutting charge of $25 mi...

There are 4 comments on the Chicago Tribune story from Apr 14, 2009, titled Deere to cut 200 jobs: DE to take cost-cutting charge of $25 mi.... In it, Chicago Tribune reports that:

Deere & Co. unveiled a new operational realignment Tuesday that the Moline farm-equipment maker said will generate cost-cutting efficiencies -- but which will require a fourth-quarter pre-tax charge of $25 million and will eliminate about 200 salaried jobs.

Join the discussion below, or Read more at Chicago Tribune.

David

Glasgow, KY

#2 Apr 14, 2009
I don't know if this is the case concerning these layoffs, but the agricultural industry is currently undergoing a huge change that many people do not know about. There have been several of these changes over the years but this is another one, where there are only going to be a very small number of people actually farming in this country. The dairy industry is one segment that is fast moving into a few large producers. Bottom line - not that many tractors will be sold, and the number of dealerships will also go down.
Worried

AOL

#3 Apr 14, 2009
The business model is selling large agra-equipment to 3rd world countries. The domestic demand alone will not support the company. One problem is Americans who go to a "Big Box Store" and buy a off-brand name riding or walk behind mower rather than an American made mower because they want to save a couple hundred dollars. In the long run, the Deere mower will outlast the cheap no-name mower but today American's don't look to the long term. Too bad.(by the way, yes, I do own a Deere mower).
Truckin

Albany, GA

#4 Apr 19, 2009
Worried wrote:
The business model is selling large agra-equipment to 3rd world countries. The domestic demand alone will not support the company. One problem is Americans who go to a "Big Box Store" and buy a off-brand name riding or walk behind mower rather than an American made mower because they want to save a couple hundred dollars. In the long run, the Deere mower will outlast the cheap no-name mower but today American's don't look to the long term. Too bad.(by the way, yes, I do own a Deere mower).
Deere mowers are a drop in the bucket in terms of revenue. Deere makes the big revenue on the large equipment. The small mowers are just there to attract people to the brand. Deere has plenty of foreign plants displacing American workers.
STB

Albany, GA

#6 Apr 20, 2009
I was injured on a Deere tractor and was awarded a $17.6 million settlement due to the known design defect and Deere's refusal to correct the problem in the field. My legal counsel revealed that Deere had hoped to make a "running change" with the next model year and not address those that were already produced.

Be careful folks. Kubota makes a great small tractor and they build them in Georgia.

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