Seema Mody joins ‘The Exchange’ with details of the new deal reached between John Deere and striking union workers in Iowa, Illinois and Kansas. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Deere & Co. workers approved a new contract late Wednesday, delivering 10% raises immediately and ending a monthlong strike for more than 10,000 employees. The United Auto Workers union said 61% of its members approved the latest deal with the tractor maker, even though the new offer was strikingly similar to one that a majority of workers rejected two weeks ago. Shares of Deere rose nearly 2% in Thursday’s premarket. The stock has gained around 30% in 2021.
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