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Wintrust Business Minute: Deere & Co. announces new layoffs, impacting headquarters staff
Manage episode 431745106 series 3035618
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Deere & Co. has announced new layoffs, this time impacting the company’s headquarters staff. 300 job cuts are happening at the Moline-based farm equipment maker. Deere had earlier announced layoffs among workers at a factory in East Moline and other manufacturing sites in Moline. It has cut about 15% of its workforce since last November as it responds to a slowdown in demand for tractors and other farm equipment. Deere has also lowered its profit forecast for the year.
Also, United Airlines is the first airline to tap in to State of Illinois tax credits for purchases of sustainable aviation fuel for use at O’Hare Airport. Listen for more below:
Recent Posts
Wintrust Business Lunch
102 episodes
Manage episode 431745106 series 3035618
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Deere & Co. has announced new layoffs, this time impacting the company’s headquarters staff. 300 job cuts are happening at the Moline-based farm equipment maker. Deere had earlier announced layoffs among workers at a factory in East Moline and other manufacturing sites in Moline. It has cut about 15% of its workforce since last November as it responds to a slowdown in demand for tractors and other farm equipment. Deere has also lowered its profit forecast for the year.
Also, United Airlines is the first airline to tap in to State of Illinois tax credits for purchases of sustainable aviation fuel for use at O’Hare Airport. Listen for more below:
Recent Posts
Wintrust Business Lunch
102 episodes
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