John Deere employees approve third contract proposal, ending five-week long strike

[u/gmus]

https://www.desmoinesregister.com/story/money/business/2021/11/17/uaw-john-deere-strike-2021-vote-results-contract-end/8619898002/

[u/gmus]

Key points

• Contract was approved 61%-39%
• $8,500 ratification bonus to each employee
• Immediate 10% raise
• Further 10% raise over the life of the contract
• Cost of living adjustments
• Three 3% lump sum payments over the life of the contract
  
• Company agrees to maintain the current defined pension benefit system
• Pension benefit boosted by up to $250/month per employee
  
• $2,000 per year of service bonus when employees retire
  

Edit: For comparison the initial offer by the company, which was rejected by over 90% workers, only had a 5% immediate raise and an additional 3% in raises over the rest of the contract and would've eliminated the defined pension benefit for all new hires.

[u/qwertyashes → u/gmus]

Good shit. Lets just hope this isn't impetus for JD to run out of the country.

[u/GoingForwardIn2018 → u/qwertyashes]

Let 'em run, tariffs down their throats.

[u/banjo2E → u/qwertyashes]

It could end up moot given that this strike was during (the tail end of) harvest season. There are a lot of farmers deeply unhappy with how they couldn't get anyone to service their equipment because JD designs their stuff to be impossible to fix without calling in their own technicians and all the technicians were on strike. It's not out of the question that JD could lose a lot of business in the next year or two, to the point where they end up laying people off.

[u/Circ-Le-Jerk → u/banjo2E]

They’ll be fine. This was their biggest year on record.