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Deere says 800 workers leave in voluntary program

Deere says 800 workers leave in voluntary program

Deere & Co. says about 800 salaried workers will leave the farm machinery maker under a voluntary separation program announced in April.
The company expects to realize $75 million in savings in the first year, after pretax expenses of about $100 million recorded mostly in the fourth quarter. Previously, the company expected $50 million in savings.
In April, the Moline, Illinois-based company said it would combine its agricultural and commercial and consumer equipment divisions. The job cuts are intended to help the company save money from the merged divisions, Deere said.


Updated : 2021-07-28 01:42 GMT+08:00