Two agriculture equipment manufacturers announced they are cutting a combined 170 jobs amid slumping sales and a sluggish economy. Deere announced last week 100 employees represented by the United Auto Workers will be laid off indefinitely starting April first at two factories in Iowa that make construction and forestry machinery, according to Reuters. Deere expects an 11 percent decline in sales this year compared to 2015. Around 1,500 Deere manufacturing employees are currently on layoff due to the sluggish agriculture economy. Meanwhile, Caterpillar, the world's largest maker of construction and mining equipment, said it will halt production of its on-highway trucks, eliminating 70 jobs. Caterpillar’s employment numbers are down eight percent world wild as the company last year outlined a restructuring that could cut 10,000 employees by 2018 and shut down factories around the globe.
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