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Tentative John Deere Deal Shows Momentum for Worker Movement (1)

Oct. 31, 2021, 10:52 PM

A tentative deal struck between Deere & Co. and the United Auto Workers union offers substantial improvements over one that workers rejected before going on strike, including larger wage increases, no new tiers to retirement benefits and a signing bonus of $8,500.

The deal, which is subject to approval by union membership, suggests that John Deere backed down rather than get drawn into a protracted work stoppage with farm equipment demand at the strongest in a decade and earnings at a record.

The contract includes wage hikes of 10% in the first year of the contract and 5% in the ...