Deere, UAW reach tentative agreement

Deere & Company (NYSE: DE) has reached a tentative agreement with the UAW on a new six-year labor contract for approximately 10,100 employees across Iowa, Illinois, and Kansas.

Rhea-AI Summary

Deere & Company (NYSE: DE) has reached a tentative agreement with the UAW on a new six-year labor contract for approximately 10,100 employees across Iowa, Illinois, and Kansas. Additional agreements cover nearly 100 employees at parts facilities in Denver and Atlanta. Brad Morris, VP of labor relations, noted the agreement honors employees' contributions and strengthens their commitment to providing competitive wages and comprehensive benefits. Employees will review the agreement terms prior to a ratification vote, and all operations will continue as scheduled.

Positive

• Tentative six-year labor agreement reached covering 10,100 employees.
• Agreement strengthens commitment to competitive wages and benefits.
• All operations will continue as scheduled, ensuring business stability.

Negative

• None.

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MOLINE, Ill., Oct. 1, 2021 /PRNewswire/ -- Deere & Company (NYSE: DE) and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) have reached a tentative agreement on a new six-year labor agreement covering approximately 10,100 production and maintenance employees at 12 facilities in Iowa, Illinois, and Kansas.

Deere and the UAW have also reached a tentative agreement on a new six-year labor agreement covering nearly 100 production and maintenance employees at Deere parts facilities in Denver and Atlanta.

"After six weeks of negotiations, John Deere and the UAW have reached a tentative agreement that honors the enormous contributions of John Deere's production and maintenance employees and builds a strong foundation for our shared success in the future," said Brad Morris, vice president of labor relations for Deere & Company.

"Through this agreement, John Deere reinforces our longstanding commitment to provide employees the opportunities to earn the best wages and most comprehensive benefits in the agriculture and construction industries.

Deere production and maintenance employees will have time to review the terms of the tentative agreement before a ratification vote. All Deere operations will continue as scheduled.

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

 

View original content:https://www.prnewswire.com/news-releases/deere-uaw-reach-tentative-agreement-301390029.html

SOURCE Deere & Company

FAQ

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

What is the latest update on Deere's labor agreement with UAW?

Deere has reached a tentative six-year labor agreement covering approximately 10,100 employees.

How many employees are affected by the new labor agreement at Deere?

The new labor agreement affects approximately 10,100 production and maintenance employees.

When was the tentative agreement between Deere and UAW reached?

The tentative agreement was reached on October 1, 2021.

Where are the Deere facilities involved in the labor agreement located?

The affected facilities are located in Iowa, Illinois, Kansas, Denver, and Atlanta.

What happens next after the tentative agreement for Deere employees?

Deere employees will review the agreement before a ratification vote.