Deere & Co., US2441991054

Deere & Company stock weighs more than 675-worker factory move

Published on 11/02/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deere & Company stock enters a labor-sensitive stretch as the maker recalls workers and adds factory jobs. The move precedes future contract talks.

Factory hiring adds labor focus

Deere is recalling laid-off employees and expanding hiring across several Midwest production and distribution sites.
The staffing move comes as the company prepares for future labor negotiations while farm-equipment demand remains challenging.

Deere & Co., US2441991054, Illustration mit AI erstellt.

Deere & Company said on Friday, October 30, that it will recall more than 275 workers and hire more than 400 employees across facilities in Iowa, Illinois and Kansas. The Des Moines Register reported the move on Sunday, November 1, citing the company's announcement and its stated aim of meeting customer needs across operating conditions while preparing for future labor negotiations.

Deere & Company stock traded at 604.40 euros on Lang & Schwarz at 11:19 CET on Monday, November 2, 2026. Investors can follow the real-time quote of Deere & Company stock.

Hiring reaches major production sites

The recalled employees will return to Deere's Waterloo operations in Iowa, its largest tractor factory. The company said the latest action brings total callbacks since 2024 to about 1,000. Employees previously on layoff in Waterloo, the Quad Cities, Ottumwa and Dubuque have been asked to return, according to the report.

New hiring will cover John Deere Harvester Works in East Moline, Illinois; the Seeding and Cylinder Works in Moline; North American parts distribution in Milan; Davenport Works, Dubuque Works and Ottumwa Works in Iowa; and the Coffeyville Works in Kansas. About 125 workers will remain on layoff in the Des Moines area, where Deere operates a factory, technology center and finance operation.

Labor talks remain an investor issue

The staffing decision also points to the industrial risk around Deere's next labor negotiations. In September, the company recalled 375 workers in the Quad Cities and said it wanted to build inventory ahead of talks next year. That approach could provide more production flexibility if negotiations disrupt operations, as happened during a five-week UAW strike in 2021.

The United Auto Workers has said layoffs affected 1,600 Deere workers. In August, the union said members rejected Deere's offer to extend the collective bargaining agreement for two years and called for greater job security. Deere's latest recalls reduce the number of employees still away from work, but the negotiations remain a potential operating consideration for investors.

Deere operates in an agricultural market still pressured by high interest rates and elevated costs, according to the Des Moines Register. Bringing workers back can support production capacity and customer service, while also increasing the importance of demand conditions and labor costs for future margins.

The S&P 500 market reports provide the broader US equity context for Deere investors.

For more company developments, see More news and analyses on Deere & Company stock.