Factory workers at Deere & Co. ended their month-long strike Wednesday by approving the third contract offer after rejecting the two previous offers.
The United Auto Workers (UAW) said 10,000 members ratified a new six-year contract offer by a vote of 61 percent to 39 percent.
UAW says the deal includes a $8,500 signing bonus, a 20% increase in wages over the life of the 6-year deal, 10% of that this year, along with cost of living adjustments.
Workers from 14 Deere & Co. US facilities walked off the job on Oct. 14 after rejecting the first contract proposal from the company.
This was the first strike against John Deere by the UAW since 1986. It came after the company reported earnings of a record-high $4.68 billion during the first nine months of the 2021 fiscal year. That is more than double the $1.99 billion reported during the same time last year.