According to a report from KWWL, John Deere has announced it will indefinitely lay off 42 employees at its Waterloo Works facility in Waterloo, Iowa. Jennifer Hartmann, associate director of Strategic Public Relations with John Deere says this is this is part of Deere's push, "to become a leaner, more efficient organization throughout the enterprise, both in the production and salary workforce."
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
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