Dubuque County’s largest employer has announced the layoff of nearly three dozen local workers amid global reductions to its salaried staff.
John Deere Dubuque Works on Wednesday laid off 34 people, per a company notice filed with Iowa Workforce Development. That figure is in addition to the 99 soon-to-be eliminated production positions the company announced last month.
The layoffs come amid a reduction in Deere & Co.’s global workforce the company has attributed to industry challenges such as rising manufacturing costs, falling demand and decreased year-over-year sales.
“This reduction in product demand and increased operational costs have unfortunately forced us to make tough decisions including layoffs at John Deere production facilities and reductions in our global salaried workforce,” Deere said in a statement Wednesday.
The company did not state how many salaried positions are being cut companywide, nor where the layoffs were occurring.
Deere did state, however, that affected employees will be provided assistance and benefits including up to 12 months of severance based on experience, payment for unused benefits and access to job placement services.
The Iowa Workforce Development notification does not state whether the layoffs related to salaried employees, though it lists the notification and mass layoff date as Wednesday.
The Dubuque Works facility currently has about 2,700 total employees, according to the company.
The news comes after the company saw a drop in net income for its second quarter, which ended April 28. Deere & Co. reported net income of $2.37 billion for the recently completed quarter, down from $2.86 billion reported in last year’s second quarter.
“While the decision to reduce roles across the company was a challenging one, the company is confident that these adjustments, coupled with our ongoing efforts to reduce costs and align production and inventory levels, will position John Deere strongly for the future,” read Deere’s Wednesday statement.