Deere announces 460 layoffs in Waterloo

Originally Posted Online: Aug. 22, 2014, 8:55 am
Last Updated: Aug. 22, 2014, 10:37 am
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MOLINE -- Deere & Company said it will about 460 employees of its Waterloo, Iowa, operations on indefinite layoff, effective Oct. 20.

The employees were informed of the layoffs today.

"Layoffs are never easy because we understand the significant impact this action has on our
employees, their families, and the community" factory manager Dave DeVault said. "We very carefully assess our workforce requirements to ensure we make the best possible decision to respond to various market conditions."

Last Friday, Deere announced it would lay off more than 600 workers Deere Harvester Works in East Moline, John Deere Seeding and Cylinder in Moline, John Deere Des Moines Works in Ankeny, and John Deere Coffeyville in Coffeyville, Kan.

Illinois was hardest hit, with 425 layoffs at the East Moline plant, which employs 1,730. Those layoffs will begin Oct. 20, a spokesman said. The Moline plant will have 35 layoffs beginning Aug. 25. It employs 710.

When Deere announced third quarter earnings on August 13th, the company said it planned to
reduce agricultural equipment production for the balance of the year.

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