Moline, Ill. • Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.
The Illinois company said Friday the latest round of layoffs will be effective October 20. Deere said last week it would lay off more than 600 employees at four Midwest factories that make harvesting and other agricultural equipment due to slumping demand.
The latest layoffs will happen at the company's Waterloo, Iowa, operations. Last week's announcement involved factories in East Moline and Moline, Illinois, as well as Ankeny, Iowa, and Coffeyville, Kansas.
The company said also said last week that it was implementing seasonal and inventory adjustment shutdowns and temporary layoffs at those factories as well as one in Ottumwa, Iowa.