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Deere Laying Off 120 In East Moline

EAST MOLINE, Ill. (AP) -- Deere & Co. says it will lay off about 120 workers at its combine plant in East Moline on March 31.

According to the Quad City Times, employees learned the news Thursday during a meeting at the plant. About 2,800 people work at the factory.

Moline-based Deere said this week that it expects the North American farm-equipment industry to see a 5 percent to 10 percent drop in sales this year after a record-setting 2013.

The company also this week reported record first record first-quarter profits.

Deere said the layoffs will be based on seniority.

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 
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