Through our new collective bargaining agreements, we’re giving employees the opportunity to earn wages and benefits that are the best in our industries and are groundbreaking in many ways.” ![]() “John Deere’s success depends on the success of our people. ![]() “I’m pleased our highly skilled employees are back to work,” said CEO John May. The vote and the deal were praised by leadership at both the UAW and Deere. The company will notify the strikers when they are expected to return to work. The union said the offer that is the subject of this week’s vote had “modest modifications” from that previous, rejected tentative agreement. Such clauses used to be common in union contracts but have become relatively rare in recent years. In addition it restored a cost-of-living adjustment to protect workers from increases in consumer prices. Both included a 10% immediate raise, an $8,500 signing bonus, additional 5% raises in the third and fifth year of the proposed six-year deal, and additional lump sum payments equal to 3% of pay in years two, four and six. The United Auto Workers union announced Wednesday that 61% of members at Deere voted in favor of what the company had described as its last and best offer.īoth offers, the one that was rejected in a November 2 vote and the one accepted Wednesday, contain substantial gains for the union members. We remain committed to hearing our employees' priorities and continuing talks until the strike is resolved, while also keeping our operations running to support everyone who depends on us.More than 10,000 workers at John Deere will end a five-week strike and return to work after voting nearly two-to-one in favor of an offer very similar to one they rejected at the start of this month. The wages and benefits highlighted above are a significant step toward providing economic progress for our employees. The typical employee would receive these new lump sum payments totaling nearly $134,000 at the end of a full career. One way we do this through the tentative agreement is by providing an entirely new retirement bonus and cash balance pension benefit.
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