Deere UAW Tentative Agreement
Union workers at John Deere would receive a wage increase of 10% in the first year and 5% each in the third and fifth years under a tentative contract reached over the weekend between the company and the United Auto Workers union.
The workers would also receive 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.
The company and the UAW reached a tentative agreement Saturday that would cover more than 10,000 workers at 12 Deere locations in Iowa, Illinois, and Kansas. However, the strike that began October 14 will continue while workers review the terms of the deal ahead of Tuesday's ratification vote.