Deere to Lay Off 120 at Combine Plant
John Deere plans to lay off 120 workers at the Harvester Works in East Moline. Today, the company told the production workers who will be placed on indefinite layoff September 6th.
Deere says lower demand and market conditions prompted the decision to reduce the workforce at the combine factory. Late last summer, 150 production workers were laid off for the same reasons.
In May, Deere predicted agriculture and turf equipment sales would decrease 8% for the year.
The company projects overall equipment sales to decrease 9% compared to fiscal year 2015. And this year, Deere expects to earn $1.2 billion, compared to $1.9 billion last year.
The East Moline plant now employs about 1,050 production workers.