Researcher’s Note: The Eleven Companies listed below were all
involved in the President's Council on Jobs and Competitiveness each of the companies
have also implemented suspicious layoffs.
Deere to lay off more than 1,000 workers; Caterpillar
Closing Plants
posted on January
23, 2015
TOM MURPHY
AP Business Writer
AP Business Writer
Deere will lay off about 910 workers indefinitely
from factories mostly in Iowa and sideline another 500 employees in Illinois
until late summer, as the agricultural equipment maker continues its adjustment
to demand for its products.
The Moline, Illinois, company also said Friday that it is adding 220 jobs at construction and forestry factories in Iowa. It plans to fill nearly all those positions with workers were laid off at agricultural equipment factories last year.
The latest indefinite layoffs will be centered on sites that build agricultural equipment, a core element of its business. They include 565 workers from three Waterloo, Iowa, locations; another 300 from the Des Moines Works in Ankeny, Iowa; and 45 from the Harvester Works in East Moline, Illinois.
Employees laid off until summer work at the company's seeding and cylinder factory in Moline. That location is going on an extended inventory adjustment shutdown. The company said it typically goes through a seasonal inventory adjustment around this time of year.
The layoffs will begin in early February, and most will be effective in late March.
Deere & Co. said last August that it would lay off a total of more than 1,000 workers, with those reductions coming from an Iowa tractor factory and four Midwest factories that make harvesting and other agricultural equipment.
The world's biggest farm equipment maker said last fall that it expected its farm equipment sales and profits to fall in the new fiscal year. Falling commodity prices and lower farm income have hurt companies like Deere, which employs about 29,000 people in the United States and Canada and around 60,000 globally.
The Moline, Illinois, company also said Friday that it is adding 220 jobs at construction and forestry factories in Iowa. It plans to fill nearly all those positions with workers were laid off at agricultural equipment factories last year.
The latest indefinite layoffs will be centered on sites that build agricultural equipment, a core element of its business. They include 565 workers from three Waterloo, Iowa, locations; another 300 from the Des Moines Works in Ankeny, Iowa; and 45 from the Harvester Works in East Moline, Illinois.
Employees laid off until summer work at the company's seeding and cylinder factory in Moline. That location is going on an extended inventory adjustment shutdown. The company said it typically goes through a seasonal inventory adjustment around this time of year.
The layoffs will begin in early February, and most will be effective in late March.
Deere & Co. said last August that it would lay off a total of more than 1,000 workers, with those reductions coming from an Iowa tractor factory and four Midwest factories that make harvesting and other agricultural equipment.
The world's biggest farm equipment maker said last fall that it expected its farm equipment sales and profits to fall in the new fiscal year. Falling commodity prices and lower farm income have hurt companies like Deere, which employs about 29,000 people in the United States and Canada and around 60,000 globally.
Company shares
dropped $1.11, or 1.2 percent, to $88.40 in morning trading Friday, while
broader indexes also slumped.
Deere stock fell 3 percent last year to close at 88.47, while the Standard & Poor's 500 index rose 11.4 percent.
Deere stock fell 3 percent last year to close at 88.47, while the Standard & Poor's 500 index rose 11.4 percent.
Caterpillar Closing Two Plants
In the same week, Caterpillar announced that a factory that
makes seals for heavy equipment in Franklin, North Carolina is closing by the
end of next year, leaving 150 people without jobs.
Franklin Mayor Bob Scott told media outlets the town learned about the closing of the Caterpillar plant Thursday.
The mayor says about everyone in the town of 4,000 in far western North Carolina knows someone who works there.
Caterpillar is also closing a foundry in Toccoa, Georgia, with 125 workers. The work will be consolidated to the company's Mapleton, Illinois, foundry.
Caterpillar will try to help workers find jobs at other factories and will pay severance packages.
The Caterpillar plant in Franklin opened in the early 1990s.
Franklin is in Macon County, which had an unemployment rate of 5.2 percent in November, same as the state's rate.
Franklin Mayor Bob Scott told media outlets the town learned about the closing of the Caterpillar plant Thursday.
The mayor says about everyone in the town of 4,000 in far western North Carolina knows someone who works there.
Caterpillar is also closing a foundry in Toccoa, Georgia, with 125 workers. The work will be consolidated to the company's Mapleton, Illinois, foundry.
Caterpillar will try to help workers find jobs at other factories and will pay severance packages.
The Caterpillar plant in Franklin opened in the early 1990s.
Franklin is in Macon County, which had an unemployment rate of 5.2 percent in November, same as the state's rate.
Caterpillar
Donald
V. Fites was the chairman for Caterpillar Inc., and
is a trustee at the Carnegie Endowment for International Peace (think tank).
Note: Roger W.
Ferguson Jr. was a trustee at the Carnegie Endowment for International
Peace (think tank), and a member of the President's Council on Jobs and
Competitiveness.
Foundation
to Promote Open Society was a funder for the Carnegie
Endowment for International Peace (think tank), the Brookings
Institution (think tank), the ClimateWorks Foundation, and the Aspen
Institute (think tank).
George
Soros was the chairman for the Foundation to Promote
Open Society.
Jon
M. Huntsman Jr. is a trustee at the Carnegie Endowment for
International Peace (think tank), a fellow at the Brookings Institution
(think tank), a director at Caterpillar Inc., was the ambassador to
China for the Barack Obama administration, and a distinguished fellow at
the Brookings Institution (think tank).
Jessica Tuchman Mathews is the president of
the Carnegie Endowment for International Peace (think tank), a director
at the American Friends of Bilderberg (think tank), was an honorary
trustee at the Brookings Institution (think tank), and a 2008 Bilderberg
conference participant (think tank).
Ed Griffin’s interview with
Norman Dodd in 1982
(The investigation into the
Carnegie Endowment for International Peace uncovered the plans for population
control by involving the United
States in war)
Laura D'Andrea
Tyson was a trustee at the Brookings
Institution (think tank), and a member of the President's Council on
Jobs and Competitiveness.
Sheryl K.
Sandberg was a trustee at the Brookings Institution (think tank),
and a member of the President's Council on Jobs and Competitiveness.
Crandall C. Bowles is a trustee at the Brookings
Institution (think tank), and a director at the Deere & Company.
Charles O. Holliday Jr. is a director at the Deere & Company, and was a director
at the ClimateWorks Foundation.
Cyrus F. Freidheim Jr. is an honorary trustee at
the Brookings Institution (think tank),
and a member of the Commercial Club of
Chicago.
Commercial Club of
Chicago, Members Directory A-Z (Past Research)
Tuesday, December 17, 2013
Newton N. Minow is a member of the Commercial Club of Chicago, and a
senior counsel at Sidley Austin LLP.
R. Eden Martin is the president of the Commercial Club of Chicago, and counsel
at Sidley Austin LLP.
Michelle Obama was a lawyer at Sidley Austin LLP, and is Craig M.
Robinson’s sister.
Barack Obama was an intern at Sidley Austin LLP.
Sidley Austin LLP was the lobby firm for Caterpillar
Inc.
William A. Osborn is a director at Caterpillar
Inc, and a member of the Commercial
Club of Chicago.
Miles D. White is a director at Caterpillar
Inc, and a member of the Commercial
Club of Chicago.
Charles D. Powell was a director at Caterpillar
Inc, and a trustee at the Aspen
Institute (think tank).
L. John Doerr is a trustee at the Aspen
Institute (think tank), and was a member of the President's Council on
Jobs and Competitiveness.
James S. Crown is a trustee at the Aspen
Institute (think tank), and a member of the Commercial Club of Chicago.
Lester Crown was a lifetime trustee at
the Aspen Institute (think tank), and is a member of the Commercial
Club of Chicago.
David B. Speer was a member of the Commercial
Club of Chicago, and a director at the Deere
& Company.
Deere & Company received export financing
support from the Export-Import Bank of the US.
Caterpillar Inc. received export financing
support from the Export-Import Bank of the US.
Penny S. Pritzker is a director at the Export-Import
Bank of the US, a member of the
Commercial Club of Chicago, the secretary at the U.S. Department
of Commerce for the Barack Obama administration, was a member
of the President's Council on Jobs and Competitiveness, was the
national finance chair, fundraiser for the 2008 Barack Obama presidential
campaign, a co-chair for the 2009 Barack Obama inaugural committee,
a fundraiser, national co-chair for the 2012 Barack Obama presidential
campaign, a contributor for the 2013 Barack Obama inaugural committee,
the host for the Barack Obama fund-raising dinner, 7/2/2008, and Craig
M. Robinson’s basketball coach for the children's team.
W.
James McNerney Jr. is a member of the Commercial Club of
Chicago, the chairman & CEO for the Boeing Company, and was a
member of the President's Council on Jobs and Competitiveness.
Boeing layoff details revealed, more jobs to leave area
Posted: Friday, November 21, 2014 11:09 am |
Updated: 11:55 am, Fri Dec 5, 2014.
Josh Barrett |
Kenneth I.
Chenault was a member of the President's Council on Jobs and
Competitiveness, and is a director at IBM.
Cringely
Predicts IBM Will Shed 78% of US Employees By 2015
Posted
by timothy on Thursday April 19, 2012 @11:15AM
from
the should-switch-to-fashion-branding-with-cool-logo dept.
Antonio M. Perez
was a member of the President's
Council on Jobs and Competitiveness, and a VP for the Hewlett-Packard Co.
Hewlett-Packard Layoffs 2015
TheLayoff.com Layoffs discussion board
by
Anonymous31592, Thursday 08/28/14 23:22:24 UTC
Ursula M. Burns was a member of the President's Council on
Jobs and Competitiveness, and is the chair & CEO for the Xerox
Corporation.
Xerox's outsourcing one year later: layoffs
By
Patrick Thibodeau
Follow
Computerworld
| Jul 10, 2012 7:00 AM PT
Jeffrey R. Immelt
was the chairman for the President's
Council on Jobs and Competitiveness, and is the chairman & CEO for the General
Electric Company.
General Electric Co. Layoffs Set For 2015
Posted
on April 15, 2014 by Harrison Barnes
Ellen J. Kullman
was a member of the President's
Council on Jobs and Competitiveness, and a director at General Motors.
General Motors plans layoffs at two Michigan plants
Wednesday,
November 12, 2014 7:19 p.m. EST
Alan G. Lafley was
a member of the President's Council
on Jobs and Competitiveness, and is the chairman & president & CEO
of the Procter & Gamble Company.
Procter &
Gamble Expands Layoff Plans, Share Buyback Program
November
15, 2012: 12:00 AM EST
Monica C. Lozano
was a member of the President's Council on Jobs and Competitiveness, and is a director at the Walt Disney
Company.
Walt Disney Co. planning to unload 23 radio stations, lay off
staff
By
Daniel Miller contact the reporter
August
13, 2014. 6:25 PM
Ursula M. Burns
was a member of the President's Council on Jobs and Competitiveness, and is a director at the American
Express Company.
Profit for
American Express, and Elimination of 4,000 Jobs
By
THE ASSOCIATED PRESS JAN. 21, 2015
Matthew K. Rose was
a member of the President's Council on Jobs and Competitiveness, and is a director at AT&T Inc.
2014 and 2015
Layoffs at ATT
TheLayoff.com Layoffs discussion board
by
Anonymous22064, Tuesday 07/22/14 18:01:58 UTC
The
executives have no mercy, ATT sees you as head count and that's it.
Matthew K. Rose was
a member of the President's Council on Jobs and Competitiveness, and a director at the American Airlines
Group Inc.
American
Airlines Group Inc (AAL) Looking For Major Layoffs As The Airline Shifts 50
Aircrafts To Regional Carriers
November
22, 2014
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