Deere & Company Stock News

John Deere Workers Approve New 6-Year Contract With Bonuses, Ending 5-Week-Long Strike Authored by Katabella Roberts via The Epoch Times, The five-week-long strike between Deere & Co. and more than 10,000 of its workers finally came to an end on Wednesday after United Auto Workers members approved a new six-year contract with the farm equipment maker on their third vote. In a statement , the United Auto Workers union (UAW) said that 61 percent of its members approved the deal , which contained only modest modifications to an agreement put forward but ultimately rejected earlier this month. The new agreement accepted on Wednesday would provide an $8,500 signing bonus; a 20 percent increase in wages over the lifetime of the contract with 10 percent this year; three 3 percent lump sum payments; enhanced options for retirement and enhanced CIPP performance benefits . In addition, it restored a cost-of-living adjustment to protect workers from increases in consumer prices. Health care, meanwhile, remains the same for the life of the agreement.

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Members of United Auto Workers returning to work with raises, bonuses

Deere & Co. shares trade moderately higher after the equipment giant strikes a final deal with the UAW that brings an end to a strike that lasted just over a month.

Workers are quitting their jobs at record rates, and labor strikes are back in fashion. Here are stocks vulnerable to the Great Resignation.

(RTTNews) - Manufacturer Deere & Co.''s employees have ended a month-long strike after the United Auto Workers or UAW union approved the company''s latest contract offer. UAW, which represents more than 10,000 Deere workers, announced Wednesday that 61 percent of its members had voted in favor of the deal, compared to 39 percent against.

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The most recent offer is strikingly similar to a contract that 55% of workers rejected two weeks ago.

Under the new contract workers will receive an immediate 10% raise and an $8,500 one-time bonus.

United Auto Workers union members voted 61% to 39% in favor of a six-year agreement with terms to increase wages and boost retirement benefits.

More than 10,000 workers at John Deere will end a five-week strike and return to work after voting nearly two-to-one in favor of an offer very similar to one they rejected at the start of this month.

After more than a month on the picket lines, workers will be clocking back in now that they've ratified a new six-year agreement.

Deere and Co. call this its last offer. The deal has an immediate 10 percent raise and makes changes to Deere''s internal incentive pay program for workers.

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Deere & Co. is using the likes of software engineers and developers to keep some of its manufacturing plants running, and its set to utilize more if a union strike continues.