Deere workers have OK'd a new contract that will deliver 10% raises immediately and end a monthlong strike for more than 10,000 employees. The contract covers 12 plants in Iowa, Illinois and Kansas where the company’s iconic John Deere equipment is made.
not to expect the company to offer any more money, and Deere largely stuck to that promise in its latest offer, which it called its final one.. And in recent weeks, they have had to endure increasingly colder temperatures along the picket lines while trying to get by on the union’s $275 in weekly strike pay or by finding another job.
Deere CEO John C. May said he is pleased that workers will be back on the job “building and supporting the industry-leading products which make our customers more profitable and sustainable.” What Deere did in this latest offer was tweak the complicated formula it uses to determine which workers receive bonuses based on whether their team hits certain productivity goals. The changes in the formula could make it easier for workers to qualify for the incentive pay, but there are some Deere workers who aren’t eligible for the bonuses based on the job they do in the company’s factories and warehouses.
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