Deere Workers Call For Strike As UAW Negotiations Fail

The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) has called a strike against Deere & Company DE, affecting more than 10,000 workers at 14 facilities across the U.S.
"John Deere is committed to a favorable outcome for our employees, our communities, and everyone involved," states Brad Morris, VP of labor relations for Deere.
The company says it is determined to reach an agreement with the UAW that would put every employee in a better economic position and make them the highest-paid employees in the agriculture and construction industries.
Deere does not currently estimate when employees will resume activities or the timing for completion of negotiations.
Recently, UAW informed Deere that its production and maintenance employees rejected the tentative collective bargaining agreements.
Price Action: DE shares are trading higher by 0.30% at $330 during the premarket session on Thursday.