Early in June, Deere announced that it was moving its skid steer and track loader manufacturing from a facility in Dubuque, Iowa to Mexico by the end of 2026.
WASHINGTON — Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand.
Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.
In its second-quarter earnings release in May, Deere reported a more than 15% decline in revenue, the third straight quarter of year-over-year sales declines. Company executives said at the time that they expected further sales declines in the second half of the fiscal year and said it would continue to “take proactive steps to reduce production and inventory.”
Deere & Co. turned in a quarterly profit …
![Students used app to mimic gunfire in prank call about shooting at Massachusetts school, police say [Video]](https://smallbizsage.com/wp-content/uploads/2024/09/mp_312354_0_vlcsnap2024090908h17m51s38166dee81e9a6f1png.png)
![Hard Hat & Heels Women Build kickoff party Thursday [Video]](https://smallbizsage.com/wp-content/uploads/2024/04/mp_255760_0_647e5c31bb9c0imagepng.png)
