Deere, UAW begin negotiations on labor agreement

Rhea-AI Summary

Deere & Company (NYSE: DE) and the UAW have commenced negotiations for a new labor agreement covering approximately 10,100 employees at 12 facilities, with the current agreement expiring on Oct. 1. Key facilities involved are located in Iowa, Illinois, and Kansas. An additional agreement is being negotiated for nearly 100 employees at parts facilities in Denver and Atlanta. Deere emphasizes its history of constructive collaboration with labor to ensure competitive compensation and career development.

Positive

• Initiation of labor negotiations, indicating proactive engagement with the workforce.
• Strong historical relationship with UAW, suggesting stability in labor relations.

Negative

• Current labor agreement expires on Oct. 1, potentially leading to operational uncertainty.
• Negotiations may create temporary disruptions in production if an agreement is not reached timely.

MOLINE, Ill., Aug. 17, 2021 /PRNewswire/ -- Deere & Company (NYSE: DE) and the International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America (UAW) have started negotiations on a new labor agreement. The current six-year master agreement covers approximately 10,100 production and maintenance employees at 12 Deere facilities and expires on Oct.1.

In Iowa, the facilities are Davenport Works, Des Moines Works, Dubuque Works, Ottumwa Works, and Waterloo Works, including Tractor and Cab Assembly, Engine Works, and the Foundry. In Illinois, the facilities are Harvester Works in East Moline, North American Parts Distribution Center in Milan, and the Seeding Group and Cylinder Division in Moline. In Kansas, there is one facility, Coffeyville Works.

A separate agreement also is being negotiated to cover nearly 100 production and maintenance employees at Deere parts facilities in Denver and Atlanta.

Over its history, Deere has worked constructively with organized labor to provide competitive compensation and rewarding careers allowing employees, their families, and communities to prosper.

"We are proud of the nearly 80 years of collaboration with our employees and the UAW," Brad Morris, vice president for labor relations at Deere & Company, said. "We look forward to honoring the contributions of our employees through the bargaining process and reaching an agreement that demonstrates a vision for our shared success — and the success of all those who rely on us — well into the future."

For more information, please visit one.deere.com.

About John Deere
Deere & Company (www.JohnDeere.com) is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction — those who cultivate, harvest, transform, enrich, and build upon the land to meet the world's increasing need for food, fuel, shelter, and infrastructure.

View original content:https://www.prnewswire.com/news-releases/deere-uaw-begin-negotiations-on-labor-agreement-301356662.html

SOURCE Deere & Company

FAQ

What is the status of labor negotiations between Deere and the UAW as of August 2021?

Deere and the UAW began negotiations for a new labor agreement covering about 10,100 employees, with the current agreement expiring on October 1, 2021.

How many employees are affected by the labor negotiations at Deere?

Approximately 10,100 production and maintenance employees at 12 Deere facilities are involved in the negotiations.

When does the current labor agreement at Deere expire?

The current six-year master agreement expires on October 1, 2021.

What locations are included in the Deere labor negotiations?

The negotiations involve facilities in Iowa, Illinois, and Kansas.

What additional agreement is being negotiated alongside the main labor contract at Deere?

An additional agreement is being negotiated for nearly 100 employees at Deere parts facilities in Denver and Atlanta.