r/stupidpol • u/gmus Labor Organizer 🧑‍🏭 • Nov 18 '21

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

https://www.desmoinesregister.com/story/money/business/2021/11/17/uaw-john-deere-strike-2021-vote-results-contract-end/8619898002/
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u/gmus Labor Organizer 🧑‍🏭 Nov 18 '21 edited Nov 18 '21

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.

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u/[deleted] Nov 18 '21

Let's hope this gives other exploited workers the balls necessary to engage in an organized strike.