MOLINE, Ill., July 22, 2016 /PRNewswire/ -- Deere & Company DE today has informed approximately 120 production employees at John Deere Harvester Works in East Moline, Illinois that they will be placed on indefinite layoff effective September 6. The factory's workforce currently includes approximately 1050 production employees.
Deere said the company continues to adjust the size of its production workforce to market demand for products manufactured at each of its factories. In previous announcements, Deere said it expects sales of agricultural equipment to decrease for the 2016 fiscal year.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/deere-announces-factory-workforce-adjustments-300302680.html
SOURCE Deere & Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.