DE · News · 20260805N
Labor Contract Cost Exposure
DEERE & CO · 2026-08-05 · Importance 52 · Surprise 42 · No source text
Deere proposed a two-year extension of its UAW labor agreement through 2029. The UAW counteroffer was approximately $500 million above Deere’s proposal, creating a potential material labor-cost gap. Deere’s proposed package includes a $3,000 bonus and wage increases, while the parties remain in a standoff.
Key facts
- The UAW's counteroffer exceeded Deere's proposal by approximately half a billion dollars. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | contingent | -0.6% | The UAW's counteroffer exceeded Deere's proposal by approximately half a billion dollars. |