Deere to lay off 325 workers in forestry and construction unit

03/9/2009 | Telegraph Herald (Dubuque, Iowa), The

Deere & Co. announced plans to lay off 325 workers in its forestry and construction division. Sales at the division tumbled 28% last quarter, as the international and construction markets slowed to a crawl. "This is a game-changing reduction in business right now," said John Kearney, equity analyst for Morningstar.

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Telegraph Herald (Dubuque, Iowa), The

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