Deere & Co. won’t raise its offer to striking workers after a second vote to ratify a new contract failed Tuesday, a company executive said.

Marc Howze, the chief administrative officer for the farm and construction equipment manufacturer, said the company made its best and final offer in a six-year proposed contract that members of the United Auto Workers union voted down by a margin of 55% to 45%.

This post first appeared on wsj.com

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