A decisive vote on the workers ’strike has been set by Deers as Reuters explores the options

(Reuters) – About 10,000 employees at Deere (NYSE 🙂 & Co. will re-vote on Wednesday to approve or reject a proposed change to the company, as the longest strike in three decades forces the world’s largest agricultural equipment makers. consider other options.

Deer has not publicly commented on changes to its second contract offer, which was rejected earlier this month, but the United Auto Workers (UAW) union, which represents striking workers, said Friday the company had done “the last, best and most definitive.” the offer included “” modest changes “, unspecified.

Workers at the Illinois, Iowa and Kansas facilities have been on strike since mid-October after rejecting attempts to link to a new Deere deal, prompting the company to say “all options are on the table.”

Employees are demanding a better wage from Deere, which is projected to have net revenues of $ 5.7 billion and $ 5.9 billion this year to recoup concessions made over some benefits in the past.

The striking workers are receiving a good amount of support from the community, which further strengthens their momentum, UBS analyst Steven Fisher, citing a labor relations professor, wrote in a research note.

Deer has declined to comment on the impact the strike has had on production so far, but analyst Chad Dillard Bernstein believes the company will forecast 2022 net income below Wall Street forecasts, partly due to the impact of the strike, when it announces results next Wednesday.

The Illinois-based company has tried to make up for the loss of production by training salaried employees, but Bloomberg reported https://www.bloomberg.com/news/articles/2021-11-05/the-deere-strike-is -Supply -started through the chains this month as Deere customers faced a week of delays in ordering parts.

The last strike by the UAW against Deere was in 1986, when workers sat for 163 days.