Caterpillar Inc (CAT.N) and Deere & Co (DE.N) said on Friday they are cutting a total of 170 jobs yet another step in the consolidation of the slumping U.S. heavy machinery sector.
Deere, a leading maker of farm and construction equipment, said 100 employees will be placed on indefinite layoff effective April 1 in two of the company's factories in Iowa that make construction and forestry machinery.
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