In another cost-cutting move, Deere and Company is launching an early retirement program.The ag, lawn and construction equipment maker hopes to cut its national workforce by eight-percent, or 12-hundred-50 employees, to save about 90-million dollars a year. Deere spokesman Ken Golden says workers who are in their 50s and early-60s can benefit the most, as 25-hundred workers will be offered the early retirement packages which include crediting three extra years of service or cash. Deere has about 15-thousand employees in the U-S. Quad City-based Deere is one of Iowa’s largest employers with major plants in Davenport, Waterloo, Dubuque and Ottumwa.
SEARCH THIS SITE
RECENT NEWS
- Iowa housing market movement looks to be back where it was before COVID
- Grassley: Pentagon workers spent millions of pandemic dollars on personal expenses
- After missing Iowa trucker’s body found, wife says: ‘Things don’t add up.’
- Western Iowa Tech to pay millions to students to settle lawsuit
- $18.8 million workforce housing development planned in Spirit Lake