Manufacturers Face Labor Strife as Boeing, U.S. Steel, and Deere Navigate Union Contract Talks

Boeing and Deere & Co. are in labor contract negotiations with their workers' unions, while U.S. Steel and Cleveland-Cliffs have agreed to extended contracts by 30 days.

The Society of Professional Engineering Employees in Aerospace (SPEEA) has been negotiating with Boeing since workers rejected a four-year offer and authorized a potential strike across five states. The union's top priorities include large, guaranteed wage increases, annual cost-of-living adjustments, increased 401(k) company contributions, and a commitment to grow the workforce.

U.S. Steel and Cleveland-Cliffs have extended their labor contracts with the United Steelworkers union by 30 days, allowing workers to remain on the job while negotiations continue for future contracts. The original agreements expired at midnight Tuesday.