MOLINE, Ill. (AP) — Contract talks between Deere & Co. and its 10,000 striking workers have resumed, but it wasn't immediately clear how far apart the two sides remained Monday.
Both the Moline, Illinois-based company and the United Auto Workers union confirmed that talks had resumed.
The strike began last Thursday after union members overwhelmingly rejected a proposed contract that would have delivered 5% raises to some workers and 6% raises to others depending on their positions in the factory.
Deere spokeswoman Jen Hartmann said the company remains “committed to the collective bargaining process and resolving the strike.”
The last major strike at the maker of agricultural and construction equipment came in 1986. This year's strike comes as companies are dealing with worker shortages. Deere had predicted it would report record profits this year between $5.7 billion and $5.9 billion on strong sales.
The contracts under negotiation cover 14 Deere plants, including seven in Iowa, four in Illinois and one each in Kansas, Colorado and Georgia.
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for October 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
