DE · News · 20260805N
Labor Contract Negotiations
DEERE & CO · 2026-08-05 · Importance 52 · Surprise 42 · In source text
Deere proposed a two-year extension of its UAW labor agreement through 2029, citing weaker equipment demand. The UAW’s counteroffer reportedly exceeded Deere’s proposal by approximately $500 million, creating a substantial potential labor-cost gap. Deere’s offer includes a $3,000 bonus and wage increases, while negotiations remain unresolved and could affect future costs and operations.
Key facts
- John Deere proposed a two-year extension of its labor agreement with the UAW which would last through 2029. source
- Deere's extension offer included a $3,000 bonus and wage increases. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | Deere's extension offer included a $3,000 bonus and wage increases. |