Deere to recall 452 workers at Iowa plant; 78 to remain laid off until market improves
Deere to recall 452 workers at Iowa plant Farm equipment maker Deere & Co. said Wednesday it will recall most of the workers it laid off from an Iowa plant earlier this year to start production of the company’s 2010 models. Deere says UAW members ratify 6-year contract covering 9,500 workers, 17,000 retireesMOLINE, Ill. — Deere & Co. said members of the United Auto Workers union have ratified a new six-year contract covering about 9,500 workers — or roughly 17 percent of the company’s work force — and 17,000 retirees. Deere, UAW agree on tentative contract now headed to workers for ratificationMOLINE, Ill. — Deere & Co. and the United Auto Workers say they’ve reached a tentative six-year labor contract covering nearly 10,000 workers and 17,000 retirees. Deere board approves plan to open new manufacturing, parts center in RussiaDeere & Co., the world’s largest agricultural-equipment maker, said Monday its board of directors has approved a plan to invest $125 million to establish a new manufacturing and parts center in Russia. Deere declares quarterly dividend of 28 cents per share, payable Nov. 2MOLINE, Ill. — Deere & Co., the world’s largest maker of farm equipment, declared a quarterly dividend of 28 cents per share, the company said Wednesday. Deere reports 27 percent decline in 3rd-quarter earnings as economic slowdown weighs on salesDeere & Co. posted a 27 percent decline in third-quarter profit Wednesday as the slumping global economy continued to depress sales of its tractors, bulldozers and other products. But the results easily beat Wall Street expectations. Deere says it’s prepared to expand farm, forestry and construction operations in RussiaMOLINE, Ill. — Deere & Co. says it’s prepared to significantly expand its farm, forestry and construction operations in Russia “under the right market access conditions.” Deere says 800 workers to leave under voluntary program; 1st-year savings of $75M seenMOLINE, Ill. — Deere & Co. said Tuesday about 800 salaried workers have decided to leave the world’s largest farm machinery maker under a voluntary separation program. Deere to furlough most workers at Iowa plant due to weak demand amid economic downturnMOLINE, Ill. — Deere & Co. says it will temporarily lay off most of the production workers at an Iowa plant because of weak demand for its products amid the global economic crisis. Deere names Allen to succeed Lane as CEO starting in AugustPITTSBURGH — Deere & Co., the world’s largest farm equipment maker, on Monday named Samuel R. Allen to succeed Robert W. Lane as the company’s chief executive. |
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