John Deere Reports Huge 4th Quarter

(Moline, IL)  —  Iowa’s largest manufacturing employer is issuing a stellar financial report after just emerging from a major labor dispute. Quad Cities-based John Deere reports fourth quarter net income of nearly one-point-three billion dollars compared to 757-million a year ago.  Deere also shows its fiscal-year-end net income of almost six-billion dollars.  That’s more than twice the two-point-seven billion with which it ended the last fiscal year.  Last week, the U-A-W ended its 35-day strike against Deere and the new contract includes immediate ten-percent raises.  Deere announced Tuesday all salaried workers are getting eight-percent raises.