More than 10,000 John Deere workers strike to demand higher wages

More than 10,000 Deere & Co.

workers went on strike Thursday, the first major walkout at the agricultural machinery giant in more than three decades.

The strike demanding higher wages comes as workers leverage their increased power in a tight labor market to demand a bigger piece of the profits at successful firms.

Deere, due to report full-year results in late November, has forecast a record net income of $5.7 billion to $5.9 billion, and workers believe they can take advantage of the national labor shortage to demand that the company share the wealth. read more

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