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Deere announces U.S. factory layoffs


Deere & Company has announced it will reduce the size of its manufacturing workforce at some agricultural equipment factories in response to current market demand for its products. The action will place more than 600 employees at four locations on indefinite layoff. In addition, Deere is implementing seasonal and inventory adjustment shutdowns and temporary layoffs at several of the affected factories. When Deere announced third quarter earnings, the company said it planned to reduce agricultural equipment production in the company's fourth quarter. more

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