Agricultural equipment maker John Deere signed a collective bargaining agreement with the United Auto Workers on Saturday.
However, the UAW strike, which began on October 14, will continue while workers are considering the terms of the agreement prior to voting, and details of the proposed contract will not be announced.
The agreement covers more than 10,000 production and maintenance workers at 12 deer sites in Iowa, Illinois, and Kansas.
The strike began after UAW workers overwhelmingly rejected the originally proposed contract. The agreement also called for a 3% increase in 2023 and 2025.
“The negotiators focused on improving the concerns identified by the members,” said Chuck Browning, head of the union’s agricultural machinery division, after the initial deal was rejected.
The unexpectedly strong recovery of the U.S. economy from last year’s short but severe coronavirus recession created a labor shortage — and handed more power to demand higher wages and better benefits for workers. rice field.
Deer, based in Moline, Illinois, reported net income of $ 4.7 billion in the first nine months of the fiscal year. That’s more than double the $ 2 billion we reported a year ago.
The company expects to generate more than $ 5.7 billion this year.
Deer, UAW reach tentative agreement. Strikes continue for now | WGN Radio 720
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