DE Deere and Co

MOLINE, Ill., March 10, 2016 /PRNewswire/ -- Deere & Company (NYSE: DE) today has informed approximately 125 employees at two factories in Iowa that they will be placed on indefinite layoff. The workforce adjustment affects approximately 75 employees at Deere's factory in Dubuque and approximately 50 employees at the factory in Ankeny.

The layoff at the Ankeny location, which is part of the agriculture and turf division, is effective April 15. The Dubuque facility is included in the company's construction and forestry division and the layoff there is effective April 29.

Deere said the company continues to balance the size of its manufacturing workforce with market demand for products at individual factories.

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SOURCE Deere & Company