Deere announces factory workforce adjustments
22 July 2016 - 11:30PM
PR Newswire (US)
MOLINE, Ill., July 22, 2016 /PRNewswire/ -- Deere &
Company (NYSE: 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
Copyright 2016 PR Newswire
Deere (NYSE:DE)
Historical Stock Chart
From Apr 2024 to May 2024
Deere (NYSE:DE)
Historical Stock Chart
From May 2023 to May 2024