Deere to lay off more than 1,000 workers in Iowa, Illinois, hire 220 as it adjusts to demand

Markets Associated Press

Deere is laying off about 910 workers indefinitely from factories mostly in Iowa and will sideline another 500 employees in Illinois until late summer, as the agricultural equipment maker adjusts to demand for its products.

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The Moline, Illinois, company also says it is adding 220 jobs at construction and forestry factories in Iowa. It plans to fill nearly all those positions with workers were laid off at agricultural equipment factories last year.

The latest indefinite layoffs will be at sites that build agricultural equipment.

Employees laid off until summer work at the company's seeding and cylinder factory in Moline. That location is going on an extended inventory adjustment shutdown.

Deere & Co. is the world's biggest farm equipment supplier. It employs about 29,000 in the United States and Canada.