RECORD PROFITS: Deere Lays Off 120 In Quad Cities
Deere and Company announced record first quarter profits Wednesday. On Thursday the company laid off 120 workers in the Quad Cities.
Despite earning over $680 million, the world’s largest maker of farm equipment says it is predicting a slowdown in the farm equipment market in months to come.
Commodity prices are expected to drop after a bumper crop in 2013. The company expects that to affect new purchases of farming equipment.
Deere cut more than 100 jobs from its Ankeny factory last fall.