Posted by PeterE on January 27, 2009 at 07:34:12 from (128.101.142.97):
In Reply to: Deere announces layoffs posted by E.B. Haymakin' on January 26, 2009 at 20:03:51:
There isn't much comparison.
Deere is laying off 692 people. 190 of them at the forest and construction plant in Iowa. And the other 502 are in Brazil at a harvester plant. That is out of something like 44,000 total employees or 1.5%.
Caterpillar is laying off 20,000 out of 175,000 employees, which is 17.6%.
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