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Deere reaches tentative 6-year labor deal with United Auto Workers union By Reuters


© Reuters. FILE PHOTO – Equipment on sale at John Deere dealers in Denver Colorado (USA), May 14, 2015. REUTERS/Rick Wilking/File Photo

(Reuters) – U.S. tractor maker Deere (NYSE:) & Co and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will be subject to a vote by the company workers.

A tentative agreement covers approximately 10100 employees in production and maintenance across 12 facilities located in Iowa and Illinois.

In a separate statement, Chuck Browning, UAW Vice President of Health and Welfare said that the agreement provides significant economic benefits as well as high quality health care benefits.

Once members of Deere have read the terms, the union will announce details. 

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.