John Deere announced Friday it will lay off approximately 610 workers between three of its plants in Illinois and Iowa, Fox News reported.
The agricultural machinery giant is set to layoff hundreds of workers due to declining demand for its products, with all layoffs taking effect August 30, according to the outlet. The move reportedly affects 280 workers at the East Moline, Illinois plant, 230 at the Davenport, Iowa factory and about 100 at the Dubuque, Iowa facility.
The company is offering affected workers a Supplemental Unemployment Benefit, covering about 95% of their weekly net pay for up to 26 weeks, based on length of service, the outlet reported. In addition, they will reportedly receive profit-sharing options and health benefits. The layoff was originally announced May 31 through a company-wide email sent to employees, a Reddit user claimed.
John Deere is reportedly…
