Overview

• The reductions affect 115 workers at Harvester Works in East Moline, 52 at Seeding and Cylinder in Moline, and 71 at the Waterloo Foundry, with final work dates spanning Aug. 29 to Sept. 26.
• Deere said decreased demand and lower order volumes are driving the cuts as many farmers postpone equipment purchases in a tariff-uncertain market with softer commodity prices.
• Third-quarter results showed net income down 26% to $1.3 billion and net sales and revenues down 9% to $12 billion.
• Executives reported roughly $200 million in tariff expense in the quarter, about $300 million year to date, and raised the fiscal-year pretax tariff impact outlook to nearly $600 million, citing higher rates on Europe, India, and on steel and aluminum.
• Deere said affected employees are eligible for recall and continued benefits based on tenure, while peer manufacturers reported similar pressures and several Democrats faulted the administration’s tariff policy for hurting rural jobs.