Deere & Co. union workers would get wage increases of 10% the first year and 5% in the third and fifth years in a tentative contract reached between the farm-equipment maker and the United Auto Workers. They would also get a ratification bonus of $8,500.
FILE - Members of the United Auto Workers strike outside of a John Deere plant, Wednesday, Oct. 20, 2021, in Ankeny, Iowa. The farm equipment manufacturer reached a tentative labor agreement Saturday, Oct. 30, with the United Auto Workers union. But a UAW strike that began Oct. 14 will continue -- and details of the proposed contract will not be released -- while workers study the terms of the agreement in advance of a vote.
MOLINE, Ill. — Union workers at Deere & Co. would get wage increases of 10% in the first year and 5% each in the third and fifth years under aThe workers would get 3% lump sums in the second, fourth and sixth years of the deal. They would also get a ratification bonus of $8,500 and no changes in the cost of their health insurance, according to a summary of the agreement posted Sunday on the union website.
Union members previously rejected a proposed contract that included immediate 5% raises for some workers and 6% for others, and 3% raises in 2023 and 2025.
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