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Oct. 14, 2021 Des Moines Register reports: For the first time in 35 years, the United Auto Workers has called a strike at Deere & Co. The union announced just after midnight Wednesday that its 10,100 members in Iowa, Illinois and Kansas would begin picketing outside Deere's plants. The strike comes after union members overwhelmingly rejected a collective bargaining proposal in an Oct. 10 vote. As union officials continue to bargain with Deere, here's what to know about the strike: What led up to the John Deere strike? Deere is reporting record profits, fueled by orders from farmers who are seeing high corn and soybean prices and who had put off equipment purchases in leaner years. Deere projects it will earn $5.7 to $5.9 billion this fiscal year, which ends in November. That's at least 61% more than in the previous record year, 2013. The company's CEO, John May, received $15.6 million in 2020, up from $6 million the year before, based on the company's financial performance. Meanwhile, Deere managers have been struggling to hire enough workers. Durable goods manufacturing companies around the country have reported a record number of job openings this year. Workers in those factories, in turn, are quitting in record numbers. To read the entire report click here. Tweet |
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