John Deere is moving part of its assembly operation from Iowa to Mexico.
Around 250 American could be lost.
John Deere has confirmed it will move part of its Tractor and Cab Assembly Operations facility in Waterloo, Iowa, to Mexico by the 2024 fiscal year.
While the machinery manufacturer plans on bringing new manufacturing products to the Waterloo plant, in a statement provided to Breitbart News, a Deere and Co. spokesman confirmed their intentions to ship part of their operations to Mexico.
A tight labor market and rising prices were cited as the reason why.
Citing the tight labor market and rising prices, John Deere says the move is about getting the workforce it needs:
“The decision to move cab production ensures the company can balance workforce needs within the tight labor market, while also ensuring Waterloo can open up floor space to manufacture new products.â€
The move will also free up space in the Waterloo plant to make other products, however they declined to comment on what kind of new products that could be.
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