Deere to lay off 163 manufacturing workers in U.S.

[Eugene]

Source: Reuters

BUSINESS NEWS OCTOBER 1, 2019 / 4:04 PM / UPDATED 28 MINUTES AGO

Deere to lay off 163 manufacturing workers in U.S.

CHICAGO (Reuters) - Deere & Co. (DE.N) said on Tuesday it will indefinitely lay off 163 U.S. manufacturing workers at plants that make agricultural, forestry and construction equipment, citing decreased customer demand.

The announcement comes months after the company said it would reduce production by 20% at its facilities in Illinois and Iowa in the second of half of the year.

The facilities affected by the layoffs are Harvester Works in Illinois and Davenport Works in Iowa. The Illinois facility makes large agriculture equipment. The Iowa plant manufactures construction and forestry equipment.

Deere is also reviewing its costs after a combination of the U.S.-China trade war and bad weather dented its quarterly profits, forcing the company to trim its full-year earnings forecast for a second time in the past three months.

Reporting by Rajesh Kumar Singh; Editing by David Gregorio

https://www.reuters.com/article/us-deere-layoffs/deere-to-lay-off-163-manufacturing-workers-in-u-s-idUSKBN1WG4OW

[dem4decades]

1. More winning.

[Newest Reality]

2. Win!

W.e're I.diots N.ow! Winning winners winning!

Oops, you lose. Time to play the home version of the game and here's a free T-shirt! Enjoy some time off. It's a trumpian vacation.

[Moostache]

3. Please Mr. President, sir, we are tired of all this winning...

(tears in my eyes, of course)

*Sweet Jesus the hate that man inspires in me goes DEEEEEP!! Thinking about him in ANYTHING but agony makes my soul hurt.

[Wellstone ruled]

4. Deere announces Lay Offs,

Chuckie Grassley goes on a Hillary Witch Hunt. Interesting.

Dipshit knows most of the Layoffs are in his back yard.