deere & co (DE) Key Developments
Deere & Company Releases John Deere App Center for Equipment Users
Jan 23 15
Deere & Company has released new John Deere App Center, a mobile app designed for its equipment users. The John Deere App Center provides users the ability to search and find apps most useful to their business or operations. They will also be able to share the apps on social media and provide feedback to improve the applications and develop additional apps for the future.
Deere &Company to Make Workforce Adjustments at Several Factories in Iowa and Illinois
Jan 23 15
Deere &Company announced it will make workforce adjustments at several factories in Iowa and Illinois. The actions include indefinite layoffs at five locations that build agricultural equipment as well as an extended inventory adjustment shutdown at another factory. In addition, Deere said it has added new jobs at two locations that build construction and forestry equipment. The company said the workforce adjustments reflect the economic forecast included in the company's November 2014 earnings report as the company continues to align the size of its manufacturing workforce to market demand for products. The changes will place approximately 910 employees on indefinite layoff from facilities in Iowa and Illinois. Deere said the approximate number of layoffs at each location include 565 total at three locations in Waterloo, IA; 300 at the Des Moines Works in Ankeny, IA; and 45 employees at Harvester Works in East Moline, IL. In addition, approximately 500 employees at Deere's Seeding and Cylinder facility in Moline will go on an extended inventory adjustment shutdown. That location typically has a seasonal inventory adjustment this time of year. For Seeding and Cylinder employees, the adjustment shutdown is expected to end in late summer. The layoffs announced on Jnauary 23, 2015 are effective at different dates for each location. They begin in early February and most are effective in late March. Meanwhile, Deere has added 220 new jobs at construction and forestry factories in Iowa. These two factories - Dubuque Works and Davenport Works - have each added 110 new jobs. Deere said nearly all of these positions have been filled by individuals who had been working for Deere at other locations but were laid off after the company announced workforce reductions at agricultural equipment factories in August.
Deere Introduces 190G W and 230G W Wheeled Excavators
Jan 12 15
Deere & Company, has introduced 190G W and 230G W models of wheeled excavators. The models - 190G W and 230G W - are equipped with a powerful, rugged EPA Interim Tier 4 engine, providing customers higher productivity, increased uptime, and lower daily operating costs. The 190G W and 230G W feature a 159 hp certified Interim Tier 4 Isuzu engine. This quiet, durable and reliable engine is mated to the John Deere Powerwise III hydraulic engine management system that offers three productivity modes: High Productivity, Power and Economy mode, as well as a Power Dig and Auto Power Lift function. High productivity mode delivers more power and faster hydraulic response to move a greater amount of material. Power mode delivers smooth and balanced metering for normal operation and Economy mode reduces top speed and helps save fuel. For convenience, the Power Dig button allows an operator to get the extra hydraulic power to increase productivity. The iT4/Stage IIIB technology utilized in the wheeled excavators' diesel engine is simple, fuel efficient, fully integrated and fully supported. Seamless solutions include field-proven cooled exhaust gas recirculation (EGR) for reducing NOx and a diesel particulate filter (DPF) and diesel oxidation catalyst (DOC) to reduce particulate matter. The Interim Tier 4 Technology enabled John Deere to maintain or reduce fuel consumption, helping to lower daily operating costs. Contractors can choose from a variety of boom, blade, outrigger and bucket options to equip their excavator exactly as needed to optimize setup. The G-Series short wheelbase makes them very adept in close quarters - unlike wieldy truck- mounted excavators. For work close-up, operators can opt for the two-piece boom. To increase uptime, John Deere designed the new G-Series models with a more comfortable and spacious cab that comes equipped with an easy-to-navigate, enhanced multi-language LCD monitor that lets operators effortlessly dial-in a wealth of machine information and functionality. Contractors looking to get the most out of their 190G W and 230G W excavators can rely on Ultimate Uptime featuring John Deere WorkSight. With Ultimate Uptime, operators receive pre-delivery and follow-up inspections; three years of JD Link telematics, machine heath prognostics, and remote diagnostics and programming capability; and the ability to add additional dealer-provided uptime solutions to customize the package to individual needs.
Deere & Company Elects Michael O. Johanns to Board of Directors, Effective January 8, 2015
Jan 7 15
Deere & Company announced that former U.S. Senator Michael O. Johanns has been elected to its board of directors effective January 8, 2015. Johanns recently completed his term in the Senate after deciding not to run for re-election. He has also previously served as the U.S. Secretary of Agriculture and as governor of Nebraska.
Realogy Holdings Appoints Sherry Smith to Board of Directors and Member of Audit Committee
Jan 5 15
Realogy Holdings Corp. has appointed Sherry Smith to its board of directors and a member of its audit committee. Most recently, Ms Smith served as CFO and executive vice president of SuperValu Inc.