
John Deere is laying off 238 employees at three facilities
In a media statement, the Moline-based tractor manufacturer cited decreased demand and lower order volumes for workforce reductions in East Moline, Moline, and Waterloo.
In a media statement, the Moline-based tractor manufacturer cited decreased demand and lower order volumes for workforce reductions in East Moline, Moline, and Waterloo.
In its most recent quarter, Deere reported a more than 15% decline in revenue, the third straight quarter of year-over-year sales declines. Deere shares slipped 1.6% in morning trading and are down about 7.5% this year.
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