John Deere equipment supplier Gates Corp. announces closure of Newton location
August 5th, 2024 by Ric Hanson
NEWTON, Iowa — [KCCI] – Gates Corporation, a fluid power and power transmission solutions manufacturer, has announced it’s laying off 41 workers at its Newton location later this year. The closure was posted on the Iowa Workforce Development’s WARN notification list. Frank Liebl, the executive director of the Newton Development Corporation, told KCCI it wasn’t that big of a shock considering John Deere is one of the company’s primary partners.
Liebl said the Gates Corporation has been a John Deere supplier since the business first came to Newton in 2017. He says for those who are left jobless, the city will work hard to find them new positions. Liebl also said that every business comes with its own highs and lows. And that while it’s difficult to know exactly what’s coming for John Deere, he sees a brighter future ahead.
According to the posting, all of the workers will officially be laid off in November.