- The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) has called a strike against Deere & Company (NYSE: DE), affecting more than 10,000 workers at 14 facilities across the U.S.
- “John Deere is committed to a favorable outcome for our employees, our communities, and everyone involved,” states Brad Morris, VP of labor relations for Deere.
- The company says it is determined to reach an agreement with the UAW that would put every employee in a better economic position and make them the highest-paid employees in the agriculture and construction industries.
- Deere does not currently estimate when employees will resume activities or the timing for completion of negotiations.
- Recently, UAW informed Deere that its production and maintenance employees rejected the tentative collective bargaining agreements.
- Price Action: DE shares are trading higher by 0.30% at $330 during the premarket session on Thursday.
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