Posted by Ian Jones, Nanaimo, Canad on January 27, 2009 at 06:32:24 from (24.64.223.204):
In Reply to: Deere announces layoffs posted by E.B. Haymakin' on January 26, 2009 at 20:03:51:
If you look at Deere's website, 3/4 quarters of it is dedicated to construction/ forestry, grounds care (golf equipment) and hobby farmer iron. That is why they are laying off. No one is building, logging and the ones that are unemployed can't afford green fees to golf. Same at CNH, they are down 47% in their consruction equipment sales. Pretty tough when agriculture floats the ship. People gotta eat. Good times at Agco, they only sell farm equipment.
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