Deere strike12/29/2023 ![]() "They can afford to settle this thing on much more agreeable terms to the union and still maintain really strong profitability," Swenson said. Iowa State University economist Dave Swenson said those earnings give Deere the means to come to terms with workers. The company has been reporting strong sales of its agricultural and construction equipment this year. The contract talks at the Moline, Illinois-based company were unfolding as Deere is expecting to report record profits between $5.7 billion and $5.9 billion this year. The contracts under negotiation cover 14 Deere plants, including seven in Iowa, four in Illinois and one each in Kansas, Colorado and Georgia. "Right now across the U.S., labor is in a very good strong position to bargain, so now is a good time to strike," Goss said.Įarlier this year, another group of UAW-represented workers went on strike at a Volvo Trucks plant in Virginia and wound up with better pay and lower-cost health benefits after rejecting three tentative contract offers. ![]() Under the agreement that the workers rejected, a top scale Deere production worker would make just over $30 per hour, rising to $31.84 after five years, according to summary of the proposal.Ĭreighton University economist Ernie Goss said workers have a lot of leverage to bargain with right now because of the ongoing worker shortages. "If we take a stand here for ourselves, our families, for basic human prosperity, it's going to make a difference for the whole manufacturing industry. "The whole nation's going to be watching us," Laursen said to the newspaper. Workers began picketing at several other Deere plants - including at its large operation in Waterloo, Iowa - Thursday morning around when the first shift would normally arrive.Ĭhris Laursen, who works as a painter at Deere, told the Des Moines Register before the strike that it could make a significant difference. The union dropped off a metal barrel and firewood to keep workers warm in preparation for a demonstration that is expected to continues for 24 hours a day, the Quad-City Times reported. Personal Loans for 670 Credit Score or LowerĪ handful of workers began forming a picket line outside the company's plant in Milan, a town in western Illinois near the Iowa border, about 15 minutes after strike deadline. Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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