Striking Deere workers vote Wednesday on 3rd contract offer
ABC News
More than 10,000 striking Deere & Co. workers are voting on a new contract offer from the tractor maker, but this third deal is strikingly similar to a contract that 55% of workers rejected two weeks ago
MOLINE, Ill. -- More than 10,000 striking Deere & Co. workers were voting Wednesday on a new contract offer from the tractor maker, but this third deal is strikingly similar to a contract that 55% of workers rejected two weeks ago.
The latest proposed contract maintains the 10% immediate raises that the last deal offered, and it makes what the United Auto Workers union called modest changes to the details of Deere's internal incentive pay program for workers.
After the last vote on Nov. 2, Deere officials told the union not to expect the company to offer any more money, and Deere largely stuck to that promise in this latest offer.
In addition to the initial raises, this week’s offer keeps the 5% raises that were in the third and fifth years of the six-year deal and 3% lump sum payments in the second, fourth and sixth years of the deal. The offer would also provide an $8,500 ratification bonus, preserve a pension option for new employees, make workers eligible for health insurance sooner and maintain their no-premium health insurance coverage.
