AEM sees industry layoffs as cyclical

The senior vice president of the Association of Equipment Manufacturers says he’s not concerned about recent industry layoffs.

Curt Blades tells Brownfield it is cyclical.

“The manufacturers are really doing a nice job of preparing for what the market’s going to look like in the next couple of years, anticipating perhaps some slowdown in the overall ag economy,” he says.

Blades says manufacturers are trying to avoid repeating prior mistakes.

“I think there’s been some memories that are very well established in our minds where we had some go-go times where everyone ramped up a lot and then we saw all the sudden the market was saturated.”  He says, “Where you end up in a situation where you got too much inventory setting up there in the farm country. That’s just not very good for the ag economy.”

Both John Deere and CNH Industrial, parent company of Case-IH and New Holland, have announced multiple rounds of layoffs in production facilities across the Midwest this year. 

AUDIO: Curt Blades – senior vp @ AEM

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