Deere Cuts Production, Jobs Amid Softening Grower Sentiment

Since March, Deere & Co. has cut 773 jobs in Iowa alone, according to Iowa’s WARN log as of June 11. The latest cuts — 120 employees at the Seeder and Cylinder plant in Moline, Ill. — were announced June 5. The layoffs follow Deere’s plans for continued reductions in production for the second half of the year. 

During its 2Q earnings call in May, Deere management focused instead on reductions in production and inventory…

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