Deere Layoffs

Deere & Company has announced 145 layoffs, including 115 at the Waterloo Works facility. The layoffs are effective September 23rd and will be determined by seniority. One month ago the company announced 120 layoffs at its facility in East Moline, Illinois. Two years ago, they announced 460 layoffs at the Waterloo facility. The latest layoffs come on the heels of the third quarter earnings report that showed decreases in sales due to lower crop prices.