Second tentative agreement rejected, Deere works on business continuation
November 03, 2021 at 10:05 am EDT
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The best-in-industry agreements reached with the UAW would have provided an immediate 10% wage increase and 30% wage increases over the term of contract; healthcare with $0 premiums, $0 deductibles, $0 coinsurance; new paid parental leave, autism care, and other benefits; groundbreaking retirement benefits; and a ratification bonus of $8,500.
MOLINE, IL (November 2, 2021) - The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) has informed Deere & Company (NYSE: DE) that the production and maintenance employees at 12 facilities in Illinois, Iowa and Kansas have rejected a second tentative agreement. Employees at Deere parts facilities in Denver and Atlanta have voted in support of a separate agreement with identical economic terms.
"Through the agreements reached with the UAW, John Deere would have invested an additional $3.5 billion in our employees, and by extension, our communities, to significantly enhance wages and benefits that were already the best and most comprehensive in our industries," said Marc A. Howze, Group President, Lifecycle Solutions and Chief Administrative Officer for Deere. "This investment was the right one for Deere, our employees, and everyone we serve together. Even though it would have created greater competitive challenges within our industries, we had faith in our employees' ability to sharpen our competitive edge. With the rejection of the agreement covering our Midwest facilities, we will execute the next phase of our Customer Service Continuation Plan."
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Deere & Company published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 14:04:09 UTC.
Deere & Company specializes in the manufacturing and marketing of agricultural and forestry materials and equipment. Net sales break down by family of products as follows:
- agricultural and green space maintenance equipment (66.6%): tractors, harvesters, sprayers, motors, cutters and grinders, scrapers, irrigation equipment, handling equipment, brush-hogs, power mowers, etc.;
- construction and forestry equipment (24.1%): loaders, graders, tractors, excavators, cutter-chippers, forwarders, etc.;
- other (1.6%).
The remaining sales (7.7%) are from sales financing services (purchasing, leasing, etc.).
Net sales are distributed geographically as follows: the United States (55.7%), Latin America (13.4%), Western Europe (11.9%), Asia/Africa/Oceania/Middle East (8.5%), Canada (7%) and other (3.5%).
DEERE & COMPANY 
