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Contract talks resume between Deere and its striking workers

Members of the United Auto Workers strike outside of the John Deere Engine Works plant on Ridgeway Avenue in Waterloo, Iowa, on Friday, Oct. 15, 2021. About 10,000 UAW workers have gone on strike against John Deere since Thursday at plants in Iowa, Illinois and Kansas.(Bryon Houlgrave/The Des Moines Register via AP)

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.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Deere & Company (DE)
4.6697 of 5 stars
$467.02-0.7%1.39%24.42Moderate Buy$520.87
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