John Deere Announces Voluntary Layoffs in Brazil

As part of a global effort to reduce costs, John Deere has launched a voluntary layoff program in Brazil. The company denied the program had any relation to its financial situation in the South American country. In a statement, the company said it needs “a more agile and competitive business aligned with the global strategy.” 

In Brazil, John Deere has 5,000 employees and has not estimated the number of positions that would be eliminated in…

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