Deere offers collective bargaining extension to employees

John Deere is offering a two-year extension to its current collective bargaining agreement with the UAW. The current agreement is set to expire in fall 2027. The company is proposing the extension now, with agricultural equipment demand down and an uncertain outlook uncertain, to provide continuity and certainty for employees, the business and customers.

“This proposal preserves everything in the current agreement,” a news release from Deere said, “including market-leading healthcare coverage, COLA and pension benefits—while also providing added confidence and stability through additional compensation for employees and their families during a period of economic volatility. This stability can only be secured through a contract extension now. The proposed extension would lock in these terms through 2029.” Deere has asked for a decision from the UAW by midnight on August 31 and if the extension is not accepted, both sides would need to negotiate a new agreement when the current contract expires.

Deere continues to improve our products and transform how we work for our customers in a highly competitive environment,” the release said. “Through this offer, we continue to support our employees, maintain reliability for our customers and strengthen the communities where we live and work.”

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