Equipment manufacturing company Deere will lay off more than 600 employees. The announcement came as the company appears to be facing demand slumps.
The layoffs will occur at four manufacturing facilities. Deere & Co. said in a news release Friday that “to remain globally competitive, the company must align the size of its manufacturing workforce with market demands for products.” Deere is the world’s biggest farm equipment supplier. The company announced last week third quarter profits dropped 15 percent.
None of the affected sites are in California. They are in the cities of East Moline and Moline in Illinois, as well as Ankeny, Iowa, and Coffeyville, Kansas. The company said it is also implementing seasonal and inventory adjustment shutdowns and temporary layoffs at the four affected factories as well as one in Ottumwa, Iowa.