Agricultural machinery maker Deere & Co. (DE) announced Friday that it will place about 460 employees who work in the company's Waterloo, Iowa operations on indefinite layoff in response to current market demand for its products. It said employees were informed today of the layoffs, which are effective October 20th.
When Deere announced third quarter earnings on August 13th, the company said it planned to reduce agricultural equipment production for the balance of the year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.