DE · News · 20260823N

Labor Contract Negotiations

DEERE & CO · 2026-08-23 · Importance 45 · Surprise 50 · In source text

United Auto Workers members representing approximately 10,000 Deere employees rejected a proposed two-year extension to the current labor agreement. The offer reportedly included 4% annual wage increases and $3,000 bonuses, but workers cited job security, outsourcing, profit sharing, and layoffs affecting more than 1,000 members. The existing contract remains effective through October 2027, with negotiations scheduled to resume in 2027 rather than extending the agreement through 2029. The dispute creates potential labor-cost and manufacturing-continuity exposure amid reduced agricultural-equipment demand and intense competition.

Key facts

Members of the United Auto Workers (UAW) rejected a proposal to extend Deere & Co.'s current contract by two years. source
The current Deere & Co. labor agreement remains in effect until October 2027. source

Impact estimates

metric	direction	stage	expected	basis
revenue	negative	contingent	—	Members of the United Auto Workers (UAW) rejected a proposal to extend Deere & Co.'s current contract by two years.