The company says that the layoffs are not due to a move in production, but are due to reduced demand for products at Des Moines Works.

XCMG Construction Machinery Co. Ltd. 0.36% ¥99.49B Hitachi Construction Machinery Co. Ltd. 0.13% ¥829.77B Doosan Bobcat Inc.-1.59% ₩4.97T HD Hyundai Infracore Co. Ltd.-0.80% ₩1.68T HD ...

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