Deere, UAW agree on new 6-year contract subject to union vote By Reuters

© Reuters. FILE PHOTO: Striking members of the United Auto Workers (UAW) picket at the Deere & Co farm equipment plant before a visit by U.S. Agriculture Secretary Tom Vilsack in Ankeny, Iowa, U.S. October 20, 2021. REUTERS/Scott Morgan

(Corrects in paragraph two number of employees, facilities)

(Reuters) -U.S. tractor maker Deere (NYSE:) & Co agreed https://one.deere.com/Pages/Deere,_UAW_Reach_Second_Tentative_Agreement.aspx?Factory=All%20Factories on a new six-year contract with the United Auto Workers (UAW) union that would be subject to a vote by the company’s striking workers, the company said in a statement on Saturday.

The new deal on wages and employee benefits covers about 10,100 employees across 12 facilities in Iowa, Illinois and Kansas.

“The negotiators focused on improving the areas of concern identified by our members during our last ratification process,” said Chuck Browning, UAW Vice President and Director of the Agricultural Implement Department.

UAW said it will not release details of the tentative agreement until members at Deere locations meet and review terms of their proposed contract.

“Out of respect for the process and our employees, we’re unable to speak to the details of the agreement,” the company said.

About 90% of the union’s members in early October rejected a previous tentative deal agreed between Deere and the UAW, and subsequently decided to go on strike.

The strike is the first against Deere by the UAW in more than three decades and comes in the middle of the U.S. corn and soybean harvest season, at a time when farmers are struggling to find parts for tractors and combines.

The last strike against Deere by the UAW was in 1986 when workers sat out for 163 days.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*