By JOSH FUNK
AP Business Writer
Deere workers approved a new contract Wednesday that will deliver 10% raises immediately and end a monthlong strike for more than 10,000 employees.
The United Auto Workers union members voted 61% in favor of the deal with the tractor maker. It was the third vote on a contract offer. Two weeks ago workers rejected an offer that was strikingly similar to the one approved Wednesday. This latest proposal made only modest changes to the details of Deere’s internal incentive pay plan.
UAW spokesman Brian Rothenberg said the company and union will work out the details of when to return to work.
The new contract covers 12 plants in Iowa, Illinois and Kansas where the Moline, Illinois-based company’s iconic John Deere green agricultural and construction equipment is made.
The workers have been on strike since Oct. 14.
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