John Deere , Reveals Record Profits, Despite Strike.<br />On Nov. 24, John Deere posted annual net income of about $6 billion.<br />That is more than double of what it earned last year, which was $2.8 billion.<br />The company had even endured a <br />five-week strike by over 10,000 members <br />of the United Auto Workers union.<br />The company had even endured a <br />five-week strike by over 10,000 members <br />of the United Auto Workers union.<br />CNN reports the strike only affected the last two weeks of the fiscal year ending Oct. 31.<br />Our results reflect strong end-market demand and our ability to continue serving customers while managing supply-chain issues and conducting contract negotiations with our largest union, John May, John Deere CEO, via CNN.<br />Last week's ratification of a six-year agreement with the UAW brings our highly skilled employees back to work building the finest products in our industries. , John May, John Deere CEO, via CNN.<br />The agreement shows our ongoing commitment to delivering best-in-class wages and benefits, John May, John Deere CEO, via CNN.<br />CNN reports that John Deere said it expects to earn between $6.5 billion and $7 billion in the current fiscal year.<br />CNN reports that John Deere said it expects to earn between $6.5 billion and $7 billion in the current fiscal year
