About 10,000 members of the United Auto Workers union went on strike against farm and construction equipment maker John Deere early Thursday morning.
The UAW had reached a tentative agreement on a new six-year contact with the company two weeks ago, only to see 90% of the rank-and-file members of the union reject it in a ratification vote that concluded this past Sunday. Union and management negotiators talked into the night Wednesday trying to reach a new deal but were unable to do so.This is the nation's largest private-sector strike since the UAW waged a costly six-week strike against General Motors two years ago.
The company said in August that it sees growing orders through the rest of this fiscal year that runs through November 1, and into the first fiscal quarter of next year.The rejected contract for UAW members at John Deere would have given them immediate raises in their base pay of 5% to 6%, and additional wage increases later in the contract that could have increased average pay by about 20% over the six years of the rejected deal.
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