Kinze Manufacturing, a planter, grain cart and tillage equipment maker in Williamsburg, Iowa, is cutting its number of employees by 193 people, the company’s website says.
In total, Kinze employs 815 people, meaning this round of layoffs represents about 24 percent of the total workforce.
Iowa’s Worker Adjustment and Retraining Notification (WARN) list, says 192 employees are affected.
The company cites the “ongoing economic downturn in the agricultural sector” as the reason behind the decision.