There’s no deal yet between Deere and the United Auto Workers, and the deadline is now 30 hours away.
The strike deadline is 11:59 p.m. Wednesday.
The United Auto Workers has not walked out on John Deere since 1986, when workers voted down a six-year contract on Sunday, about 90% of the union workers voted no setting the stage for a potential work shutdown.
The rejected deal would have covered about 10,000 workers at 14 facilities in Illinois, Iowa and Kansas.
Deere’s stock hitting $394 per share back in May but have fallen to $330 amidst news of labor-issues.
The labor dispute and potential strike also have the attention of Illinois Gov. JB Pritzker.
“We are a union state and so I would just remind employers across the state how valuable it is to have talented workers on their payroll,” Pritzker said.
And U.S Senator Dick Durbin has responded, too.
“We don’t need a strike at a major employer like John Deere. I hope they can work it out in the closing hours,” said Durbin.
A strike also could have a trickle-down effect on Deere suppliers and anyone doing business with workers who will be on strike pay.
“The income that people will be getting as far as their benefits in a strike versus what they’re getting otherwise, and what’s driving the economy… is people have a lot of extra cash in their pockets. We want to keep it that way… so let’s hope again that calm heads prevail,” said David Nelson, of NelsonCorp Wealth Management.