Market Chatter: Deere UAW Members Reject Contract Extension, Plan to Bargain in 2027

MT newswire2026/08/24 08:16

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04:16 AM EDT, 08/24/2026 (MT Newswires) -- Deere (DE) union workers rejected a proposal to extend their current contract by two years, setting the stage for contentious negotiations with the United Auto Workers in 2027, The Wall Street Journal reported Sunday. According to the report, the proposal offered 4% annual raises and $3,000 bonuses, but UAW President Shawn Fain said it failed to address job security, outsourcing and the return of 1,600 laid-off workers. Deere rejected the UAW's counteroffer, saying it would cost about $500 million more, while the current six-year contract expires in 2027, the report added. Deere did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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华尔街见闻•2026/11/10 23:03

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