John Deere announces layoffs at Midwest facilities amid agricultural slowdown
John Deere has announced plans to lay off 238 employees across three manufacturing plants in Illinois and Iowa, citing reduced demand and lower order volumes for its agricultural equipment. The decision follows a weaker-than-expected third-quarter earnings report and ongoing challenges in the farming sector.
The layoffs will affect workers at Harvester Works in East Moline, Seeding and Cylinder in Moline, and the Foundry in Waterloo. Employees at these facilities are scheduled to finish work between late August and late September.
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