More than 10,000 John Deere workers went on strike Thursday after rejecting a contract proposal from the company.
The workers are represented by the United Auto Workers union and the strike impacts members at 14 Deere & Co. amenities throughout the US, the company stated in a press release.
“Our members at John Deere strike for the ability to earn a decent living, retire with dignity and establish fair work rules,” Chuck Browning, director of the union’s agricultural division, said in a statement. “We stay committed to bargaining until our members’ goals are achieved.”
“The almost one million UAW retirees and active members stand in solidarity with the striking UAW members at John Deere,” UAW president Ray Curry stated.
About 90 p.c of the union’s members voted down the company’s contract proposal earlier this month. On Sunday, the union set the Thursday strike deadline if one other settlement couldn’t be reached.
The UAW’s negotiators said the company’s proposal included “substantial hard-fought gains,” however it wasn’t sufficient for rank-and-file workers, who roundly rejected it.
“These are skilled, tedious jobs that UAW members take pride in every day,” stated Mitchell Smith, UAW Region 8 director. “Strikes are never easy on workers or their families but John Deere workers believe they deserve a better share of the pie, a safer workplace, and adequate benefits.”
The strike comes 5 months after Deere & Co.’s stock hit a brand new all-time excessive of simply over $400 per share.
The stock’s since fallen about 20 p.c to $330 per share, however it’s nonetheless up over 22 p.c this year, outpacing the broader market’s positive aspects.
The company has posted document earnings all through the pandemic, and in August it said it expects to show a document revenue of just about $6 billion this year.
“John Deere is committed to a favorable outcome for our employees, our communities, and everyone involved,” stated Brad Morris, vice chairman of labor relations for Deere & Co. “We are decided to achieve an settlement with the UAW that will put each worker in a greater financial position and proceed to make them the highest-paid staff within the agriculture and development industries.
“We will keep working day and night to understand our employees’ priorities and resolve this strike, while also keeping our operations running for the benefit of all those we serve.”
The strike comes amid a wave of employee unrest about 19 months into the pandemic as corporations grapple with a nationwide labor scarcity and present staff make the most of their more and more robust bargaining benefit.
Last week, manufacturing at Kellogg’s US cereal crops floor to a halt because the company’s roughly 1,400 US manufacturing facility workers went on a nationwide strike over pay and advantages points in addition to alleged threats from the company to maneuver manufacturing abroad.
Workers at Mondelez International, the company behind Oreos and different snacks, additionally went on strike earlier this summer time.
And a Hollywood union that represents about 150,000 off-screen workers has voted to authorize a strike that threatens to carry the business to a halt. If an settlement isn’t reached by Monday, the union stated it would strike.