Deere announces factory workforce adjustments

MOLINE, Ill., July 22, 2016 /PRNewswire/ -- Deere & Company (NYSE: DE) today has informed approximately 120 production employees at John Deere Harvester Works in East Moline, Illinois that they will be placed on indefinite layoff effective September 6. The factory's workforce currently includes approximately 1050 production employees.

Deere said the company continues to adjust the size of its production workforce to market demand for products manufactured at each of its factories. In previous announcements, Deere said it expects sales of agricultural equipment to decrease for the 2016 fiscal year.

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SOURCE Deere & Company