Iowa’s largest manufacturing employer is announcing layoffs in Iowa and Illinois. Moline-Illinois based Deere & Company is making indefinite layoffs at five locations that build ag equipment. That includes roughly 565 workers at three locations in Waterloo, 300 at the Des Moines Works in Ankeny and 45 at the Harvester Works in East Moline, Illinois. About 500 employees at Deere’s Seeding and Cylinder facility in Moline also will go on an extended shutdown to adjust inventory.
Deere says the adjustments reflect the economic forecast included in the company’s November 14th earnings report. Deere has added 110 new jobs each at the construction and forestry factories in Dubuque and Davenport.
(Reporting by Phil Roberts, Davenport)