December 7, 2021
John Deere reaches agreement with labor union following strike

John Deere strike over after workers agree to 3rd contract offer

John Deere’s putting union workers have permitted the corporate’s newest contract offer, ending a month-long strike and efficiently preventing for better pay and advantages.

The United Auto Workers, which represents the ten,000 workers from a dozen Midwest Deere & Co. factories, introduced Wednesday evening that its members had voted 61% to 39% in favor of the deal that features an $8,500 ratification bonus, a direct 10% improve in wages with additional will increase over the lifetime of the six-year settlement, and different advantages together with retirement boosts.

Ticker Safety Final Change Change %
DE DEERE & CO. 363.40 +9.91 +2.80%

UNIONS EMBOLDENED BY BIDEN, MAKING SUPPLY CHAIN CRISIS WORSE: EXPERTS

Each the union and John Deere celebrated the vote.

“UAW John Deere members did not just unite themselves, they seemed to unite the nation in a struggle for fairness in the workplace,” UAW President Ray Curry mentioned in an announcement. “We could not be more proud of these UAW members and their families.”

John Deere

“The sacrifice and solidarity displayed by our John Deere members combined with the determination of their negotiators made this accomplishment possible,” mentioned UAW Vice President Chuck Browning. “They have started a movement for workers in this country by what was achieved here today and they have earned the admiration and respect of all that strive for what is just and equitable in the workplace.”

Deere Chairman and CEO John Could mentioned in an announcement, “I’m pleased our highly skilled employees are back to work building and supporting the industry-leading products which make our customers more profitable and sustainable.”

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“John Deere’s success depends on the success of our people,” Could continued. “Through our new collective bargaining agreements, we’re giving employees the opportunity to earn wages and benefits that are the best in our industries and are groundbreaking in many ways.”

He added, “Together, our future is bright.”

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