John Deere workers ratify contract with unionized union

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John Deere workers ratify contract with unionized union

On Friday, unionized workers at a Wisconsin plant overwhelmingly voted to ratify a four-year contract with the world's largest farm equipment maker.

The contract, which covers 900 workers of the International Association of Machinists and Aerospace Workers IAM at the John Deere Horicon Works plant in Wisconsin, was passed by over 80% of the people who voted to ratify the deal. The terms were not disclosed.

The ratification comes at a time when unions are gaining popularity in the United States are demanding better terms from companies after workers had to compromise on certain terms in the last few years.

Deere and the IAM didn't respond immediately to requests for additional comment. The negotiations between the two parties began in July to replace the current agreement that ends on Saturday.

The strike last year came after workers representing the United Auto Workers UAW walked off the job for about six weeks, demanding better pay and benefits.

Deere, which had 29,000 employees in the U.S. and Canada last year, forecast a profit of $7.0 billion to $7.2 billion in fiscal 2022.