DES MOINES, Iowa — Deere & Co. will lay off 150 workers at its Harvester Works facility in East Moline, Ill., effective Sept. 18, and 30 workers at Davenport Works in Davenport, Iowa, effective Oct. 2, according to a report in the Des Moines Register.
Deere is cutting its manufacturing workforce in response to declining demand for equipment. The company has laid off about 1,500 manufacturing employees, according to the report.
Last month, Deere lowered its net income forecast for the year to $1.8 billion from $1.9 billion to reflect soft farm spending and a weak energy sector that has curtailed equipment purchases.
The company and United Auto Workers have begun negotiations on a new master labor agreement that covers about 10,000 manufacturing workers at 12 facilities.