Deere & Co, the world's largest maker of farm equipment, said it would indefinitely lay off more than 600 employees at plants in Illinois, Iowa and Kansas as falling grain prices hurt demand for tractors, harvesters and other agricultural machinery.
The actions include indefinite layoffs at five locations that build agricultural equipment as well as an extended inventory adjustment shutdown at another factory. In addition, Deere said it has added new jobs at two locations that build construction and forestry equipment.
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