NEWS
Fri Aug 22, 2014 11:03 AM CDT

(Dow Jones) -- Deere Co. unveiled another round of layoffs Friday as the company continues to scale back agricultural-equipment production amid weaker demand.

Deere said Friday that it would lay off 460 employees indefinitely at its Waterloo, Iowa operations.

The announcement comes just a week after the company said it would lay off more than 600 factory employees at operations in Illinois, Iowa and Kansas. The company also had said it will also start seasonal and inventory-adjustment shutdowns and temporary layoffs at several of those affected factories.

As of Oct. 31, 2013, Deere had about 67,000 full-time employees.

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