Deere employees reject tentative agreements

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Rhea-AI Summary

On October 10, 2021, the UAW announced that Deere & Company (NYSE: DE) production and maintenance employees voted against tentative collective bargaining agreements affecting over 10,000 workers at 14 U.S. facilities. Deere's VP of labor relations, Brad Morris, expressed disappointment but reiterated the company's commitment to the bargaining process while operations will continue as usual. The rejected agreements aimed to enhance wages and benefits for employees significantly.

Positive

Commitment to continue collective bargaining process.
Operations will continue as normal despite the rejection.

Negative

Tentative agreements rejected, indicating potential labor unrest.
Possible delays in achieving improved wage and benefit structures.

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10/10/2021 - 09:50 PM EDT

MOLINE, Ill., Oct. 10, 2021 /PRNewswire/ -- The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) has informed Deere & Company (NYSE: DE) that its production and maintenance employees have voted to reject the tentative collective bargaining agreements that would have covered more than 10,000 workers at 14 facilities across the United States.

"After weeks of negotiations, John Deere reached tentative agreements with the UAW that would have made the best wages and most comprehensive benefits in our industries significantly better for our employees," said Brad Morris, vice president of labor relations for Deere & Company. "John Deere remains fully committed to continuing the collective bargaining process in an effort to better understand our employees' viewpoints. In the meantime, our operations will continue as normal."

For future updates, please visit one.deere.com.

View original content:https://www.prnewswire.com/news-releases/deere-employees-reject-tentative-agreements-301396677.html

SOURCE Deere & Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was the outcome of the UAW vote regarding Deere's agreements on October 10, 2021?

The UAW announced that Deere employees rejected the tentative collective bargaining agreements.

How many employees are affected by the rejected agreements at Deere?

The agreements would have covered more than 10,000 workers at 14 facilities.

What did Deere's VP of labor relations say about the rejected agreements?

Brad Morris stated that the agreements aimed to significantly improve wages and benefits.

What will happen to operations at Deere following the UAW vote?

Deere's operations will continue as normal despite the rejection of the agreements.

What is Deere's commitment after the UAW vote?

Deere remains committed to continuing the collective bargaining process.

Deere employees reject tentative agreements