List Your Equipment  /  Dealer Login

Deere Lays Off 220 Employees, Citing Sales Drop

The new job cuts have no specific call-back date for workers.

Wed December 02, 2015 - Midwest Edition
Construction Equipment Guide


MOLINE, Ill. (AP) - Deere & Co. is laying off about 220 workers from its Seeding and Cylinder operation in its hometown as agricultural machinery sales slump.

The Moline, Illinois, said Monday that the layoffs, effective Feb. 15, are unlike past seasonal layoffs. The new job cuts have no specific call-back date for workers.

Deere employs about 60,000 people globally, about 29,000 in the United States and Canada.

Commodity prices have declined over the past three years, leading to weaker sales of farming machinery.

Sales of Deere’s agriculture equipment, which include tractors, fell 25 percent it its most recent quarter. Falling oil prices also have affected the company’s construction equipment sales.

The company expects sales of its equipment to fall 7 percent in fiscal 2016.




Today's top stories

North Causeway Bridge Offers Innovation, Congestion Relief for Fort Pierce, Fla., Motorists

Missouri's $284M Chester Bridge Under Construction

Mecalac Offers Telescopic Wheel Loader to Improve Stability, Mobility in Material Handling Applications

Chicago Bears Announce Plans for New Enclosed Stadium

Oshkosh Corporation to Acquire AUSA

Webuild Ready to Rebuild Collapsed Baltimore Bridge

Crews Complete Covington, Georgia Community Project

Alabama AGC Announces BUILDSouth Award Winners


 






aggregateequipmentguide-logo agriculturalequipmentguide-logo craneequipmentguide-logo forestryequipmentguide-logo truckandtrailerguide-logo
39.96250 \\ -83.00610 \\ Columbus \\ PA