WILLIAMSBURG, Iowa (AP) – Iowa farm equipment maker Kinze Manufacturing says it must lay off 121 workers as low grain prices have slowed farmer purchases.
The Des Moines Register reports the Williamsburg-based company announced Monday that office and factory worker cuts will be effective June 18.
The eastern Iowa company makes planters and grain carts.
The company released a statement Monday that says it implemented a 30-hour work last year and started “aggressive marketing campaigns” to address market conditions, but the current demand for farming equipment doesn’t support the company’s staff size.
Kinze also cut 215 workers last June also citing slowed business and the farm downturn.