John Deere Contract,

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Old 10-24-2021, 02:34 PM
TNGary TNGary is offline
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Default John Deere Contract,

It will be interested to see how the John Deere contract, which will eventually be signed, will impact future negotiations of other contracts . A few highlights below from JD PR dept:



The tentative agreement reached after weeks of negotiations honors our commitment to work with our employees to provide them with economic progress and a rewarding career. Some highlights:

While every employee's career is unique, the typical production employee's annual wages all-in would increase from $60,000 today under the terms of the current contract to nearly $72,000 by the end of the tentative agreement. This is the equivalent of an hourly increase from about $33 per hour to nearly $40. (See "Making the Best Wages Better" on one.deere.com.)
We also know that our employees' careers cannot be measured by their wages alone. Benefits like healthcare are vitally important and valuable to them. Through our negotiations, we agreed that our production and maintenance employees would retain precisely the same industry-leading healthcare benefits. They will continue to have $0 in deductibles, $0 in premiums, and $0 in co-insurance over the life of the contract. Their co-payments will not change one penny.
Lastly, we wish to invest in the livelihoods of our employees so that they can have a dignified retirement. One way we do this through the tentative agreement is by providing an entirely new retirement bonus and cash balance pension benefit. The typical employee would receive these new lump sum payments totaling nearly $134,000 at the end of a full career. (See "The +'s of Your Retirement" on one.deere.com.)
The wages and benefits highlighted above are a significant step toward providing economic progress for our employees. We remain committed to hearing our employees' priorities and continuing talks until the strike is resolved, while also keeping our operations running to support everyone who depends on us.



For further information, the news media should contact:
Jen Hartmann
Director, Public Relations
HartmannJenniferA@JohnDeere.com
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employees, contract, wages, agreement, tentative

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