According to news reports, John Deere has offered the United Auto Workers a 2-year extension of its current labor contract that expires in 2027 and is seeking a decision by Aug. 31.
Eric Hodson reports that a July 6, post on the UAW 450 Members Facebook page provided additional details as shared to their members.
The post reads in part, quote:
Under the company’s proposal, the existing contract language would remain unchanged. All current wages, benefits, and contractual provisions would stay in place, with the following exceptions:
- A 4% General Wage Increase (GWI) effective November 1, 2026
- A 4% General Wage Increase (GWI) effective November 1, 2027
- The scheduled lump-sum payment would move to November 1, 2028
- Employees would receive a $3,000 ratification bonus if the proposal is approved
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