Deere Announces Layoffs At East Moline Plant - News and Weather For The Quad Cities -

Deere Announces Layoffs At East Moline Plant

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The following announcement comes from a news release issued by Moline-based Deere & Company on 2-13-14:

Deere & Company has informed the workforce at the John Deere Harvester Works in East

Moline, Illinois that approximately 120 employees will be placed on indefinite layoff effective

March 31th. Employees were told of the layoffs by factory leadership in a series of meetings

today at the factory.

 Deere had indicated in November that it expected a downturn in the market for large farm

equipment such as that made at the Harvester Works. In its quarterly earnings announcement

on Wednesday, Deere said it expected the farm equipment industry in the U.S. and Canada to

experience a 5 to 10 percent decrease over the record levels it had reached in 2013. The impact

of today's announcement is already included in the company's economic forecast.

 Although Deere has hired hundreds of employees in the Quad Cities in the past three years, the

company has consistently stated that the size of the workforce in any specific factory will be

matched to the market demand for products manufactured in that factory.

 The Harvester Works currently has nearly 2,800 employees with about 2,000 of them working in

production jobs. The layoff announced today will be based on seniority.

Today's announcement concerns only the Harvester Works and does not impact any other

location.

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