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Thursday, December 3, 2015

Amid Sales Declines, Deere Announces Production Layoffs

Deere & Company Wednesday announced it has informed approximately 220 employees at John Deere Seeding and Cylinder in Moline that they will be placed on indefinite layoff, starting February 15th, of next year. The layoffs reflect last week's forecast by Deere that agricultural machinery sales will decrease in the fiscal year 2016. The company said the actions are taken to align the size of the manufacturing workforce at individual factories with market demand for products made at each specific location. In the past, manufacturing employees at John Deere Seeding and Cylinder have experienced seasonal layoffs in the spring and returned to work in the fall. The layoffs do not include a specific call-back date for employees.