According to a report from Quad-City Times, the company stated that previously announced layoffs at Deere's Davenport Works facility "will not take place."
According to a report from The Courier, Deere has announced plans to layoff 35 employees at its Waterloo Works facility (effective Aug. 3) and 82 employees at its Davenport Works facility (effective Aug. 2).
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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.