Contract talks resume between Deere and its striking workers

By AP News

Share:

In this article

  • Loading...
  • Want to see what you should be buying? Check out our top picks.

MOLINE, Ill. (AP) — Contract talks between Deere & Co. and its 10,000 striking workers have resumed, but it wasn't immediately clear how far apart the two sides remained Monday.

Members of the United Auto Workers strike outside of the John Deere Engine Works plant on Ridgeway Avenue in Waterloo, Iowa, on Friday, Oct. 15, 2021. About 10,000 UAW workers have gone on strike against John Deere since Thursday at plants in Iowa, Illinois and Kansas.(Bryon Houlgrave/The Des Moines Register via AP)

MOLINE, Ill. (AP) — Contract talks between Deere & Co. and its 10,000 striking workers have resumed, but it wasn't immediately clear how far apart the two sides remained Monday.

Both the Moline, Illinois-based company and the United Auto Workers union confirmed that talks had resumed.

The strike began last Thursday after union members overwhelmingly rejected a proposed contract that would have delivered 5% raises to some workers and 6% raises to others depending on their positions in the factory.

Deere spokeswoman Jen Hartmann said the company remains “committed to the collective bargaining process and resolving the strike.”

The last major strike at the maker of agricultural and construction equipment came in 1986. This year's strike comes as companies are dealing with worker shortages. Deere had predicted it would report record profits this year between $5.7 billion and $5.9 billion on strong sales.

The contracts under negotiation cover 14 Deere plants, including seven in Iowa, four in Illinois and one each in Kansas, Colorado and Georgia.

Share:

In this article:

Companies:
Deere & Company

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for Investing Intel Newsletter