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More Layoffs at Deere

August 25, 2014
By: Alison Rice, AgWeb.com Markets and News Editor
WEB JohnDeere2
  

Agricultural machinery firm Deere and Co. said Friday that it was laying off nearly 500 employees in Waterloo, Iowa, just one week after it let more than 600 workers go at four U.S. locations.

The company said the decision was in response to softening demand for its products. With commodity prices falling in anticipating of big corn and soybean harvests, farmers are not expected to invest as heavily in new equipment in the coming months as in recent years.

 

What do you think about the latest layoff news from Deere? Join the conversation and see what other farmers are saying on the AgWeb discussion boards here.

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