UAW members voted down Deere's offer to extend their contract by two years, setting up a contentious negotiation for 2027. The farm-equipment maker proposed 4% wage increases and $3,000 bonuses through 2029, keeping existing benefits unchanged. UAW President [PERSON_NAME] criticized the offer as avoiding normal bargaining, noting it ignored job security concerns and lacked plans to recall 1,600 laid-off workers.

Deere rejected the union's counteroffer, citing $500 million in additional costs. The company attributed the extension to providing continuity during weak equipment demand, as farm sector prices have declined since 2023. Despite economic pressures, Deere has maintained profitability through cost-cutting and diversification into construction equipment.

The union previously struck Deere in 2021, ending with a six-year deal including a 10% raise and $8,500 bonuses. [PERSON_NAME] emphasized that Deere prioritized shareholders over workers, demanding the return of laid-off employees and job guarantees.