The latest proposed contract maintains the 10% immediate raises that the last deal offered, and it makes what the United Auto Workers union called modest changes to the details of Deere’s internal incentive pay program for workers.
As union contract negotiations wrap at John Deere, the used tractor business sees a boom. Ann Dwyer has details on that story and more.
The United Auto Workers said in a statement Friday night that the proposed contract with the agricultural machinery giant “includes modest modifications" to the latest rejected proposal, which included immediate 10% raises.
Deere executives said Wednesday that the company wouldn’t return to the bargaining table with striking workers because it wouldn’t offer a better contract than one they rejected that included immediate 10% raises.
The union said 55% of its members at the 12 main plants voted against this latest contract offer Tuesday.
Union workers at Deere & Co. would get wage increases of 10% in the first year and 5% each in the third and fifth years under a tentative contract reached between the farm-equipment maker and the United Auto Workers union.
Both the Moline, Illinois-based company and the United Auto Workers union confirmed that talks had resumed.
More than 10,000 Deere employees went on strike last week at 14 Deere factories in Illinois, Iowa, Kansas, Colorado and Georgia after the United Auto Workers union rejected a contract offer. The longer the strike continues, the greater the impact will be on the communities around the plants.
More than 10,000 Deere & Co. workers went on strike Thursday, the first major walkout at the agricultural machinery giant in more than three decades.
Negotiators will return to the bargaining table Monday to try and work out a new deal to cover more than 10,000 workers at 14 plants across the United States. The union set a strike deadline of 11:59 p.m. Wednesday.
Deere & Co. cut its profit expectations for the second time this year as beleaguered farmers and an escalating trade war with China cut into sales.
A boost in construction equipment sales drove profit higher for Deere & Co. in the fourth quarter, but the results fell short of Wall Street expectations.