Deere announces tentative agreement with UAW

MOLINE, Ill., Oct. 1, 2015 /PRNewswire/ -- Deere & Company (NYSE: DE) announced the company has reached a tentative agreement with the UAW to replace the six-year master labor contract that expired September 30th at midnight.

The tentative agreement is for six years and will now be presented to members for a ratification vote. Other terms of the agreement will not be made public.

The UAW represents approximately 10,000 Deere manufacturing employees at 12 factories in Iowa, Illinois and Kansas. The master agreement covers manufacturing employees at John Deere facilities in Davenport, Ankeny, Dubuque, Ottumwa and Waterloo, Iowa; East Moline, Moline and Milan, Illinois; and  Coffeyville, Kansas.

Beyond these statements, Deere spokesman Ken Golden said the company plans to honor its agreement with the UAW to make no further public comment on the negotiations.

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SOURCE Deere & Company