Farm and construction equipment maker Deere says it has made its best and final offer to union. Striking workers are now discussing their next steps.
, and farmers are planning purchases for the coming crop year. Some farmers worry that an extended strike at the Moline, Ill.-based manufacturer could deepen shortages of new equipment and drive up prices for already-scarce used equipment, with factory production currently constrained due to a lack of semiconductor chips and other components.
Mr. Howze said the company negotiators were willing to consider employees’ demand for better raises and benefits after the first contract offer failed by a wide margin. But he said the company won’t go any higher than the second offer, which he said would cost Deere an additional $3.5 billion over the life of the contract.
Mr. Howze said Deere executives were encouraged by the level of support for the second offer after 90% of the voters reportedly turned down the first deal. He declined to elaborate on how Deere is maintaining operations with nonunion employees, but said some U.S. employees are working around the clock at some sites.
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