Deere Strike

[HDRider]

CEDAR RAPIDS, Iowa (KCRG) —
"This is probably the best bargaining position that John Deere has been in many years," Iowa State University economics professor Peter Orazem said. "I mean the company is doing very well and the company wants to be expanding and doesn't have enough workers"

John Deere is projected to earn $6 billion this fiscal year, which is a new record, shattering the previous revenue record set in 2013 by 61%. The company employs about 7,000 workers around Iowa.

More than 10,000 John Deere workers could go on strike for the first time in 30 years.

KCRG reports the United Automobile, Aerospace and Agricultural Workers (UAW) and John Deere were back at the negotiating table in Moline, Illinois, Monday.


This came after union members overwhelmingly rejected a new contract Sunday night with John Deere.

Approximately 90% of union members voted "no" to the tentative agreement reached, which was announced Friday. The tentative agreement came after an extension was announced in September to avoid the original Oct. 1 deadline.

UAW Local 838, based out of Waterloo, posted on its Facebook another extension will occur until Wednesday at 11:59 p.m. If there is no deal, a strike will begin at that time. It would be the first strike since 1986, which lasted more than five months.

Orazem said strikes have become very uncommon, especially during economic slowdowns, and that the current situation is different because employees have more leverage due to labor shortages.

https://www.kcci.com/article/john-deere-union-resume-negotiations-after-contract-rejection/37934606

 

[shaz]

So I can forget about that new tractor that I put off buying for a year

 

[Warren Allison]

JD just needs to move to "employ at will" states, like Ga and others in the south.

 

[Rmc]

I am for the most part anti strike .
But after what John Deere’s position on their software which forces you to use dealers for all repairs.Then charges you to clear codes for something as simple as a plugged filter. Not to mention all the down time .
I don’t have much sympathy for John Deere .

 

[Stocker Steve]

So I can forget about that new tractor that I put off buying for a year

Skip the green tractor.
Buy JD stock after the strike starts.

 

[shaz]

Skip the green tractor.
Buy JD stock after the strike starts.

Not a bad idea but the over all market looks pricey compared to our economic reality. Or what I think our economic reality is.

 

[HDRider]

Bad time for farmers if there is a strike

 

[Dsth]

jd CEO got a 31% pay raise this year and now makes a modest $16M per year.

 

[callmefence]

Maximum pay for minimum work. The new American way.

Workers biting the hand that feeds them because they know they have them in a spot. Hopefully the worm turns soon enough.

 

[HDRider]

jd CEO got a 31% pay raise this year and now makes a modest $16M per year.

In 2020 SEC reporting their top six people made $38M
https://www1.salary.com/DEERE-and-CO-Executive-Salaries.html

 

[Stocker Steve]

Not a bad idea but the over all market looks pricey compared to our economic reality. Or what I think our economic reality is.

Almost everything is overpriced. Stock, land, pickups, tuition... Thing is the Feds want it that way, and there is no limit to the money they can create.

I think it is a good time to take some profits off the table, and buy something useful with lasting value, like lime or guns.

 

[SBMF 2015]

Deere used to do an overly good job on taking care of their employees after they retired. The younger employees want life time health care for them selves and their spouses just like the old timers got. Ain't gonna happen.

 

[Greg]

I was raised not to bite the hand that feeds you.

Edit to add this was in response to fences post

 

[Rmc]

So why is john deere biting the hand that feeds them
https://www.bloomberg.com/news/feat...deere-over-who-gets-to-fix-an-800-000-tractorhttps://www.producer.com/crops/you-bought-and-paid-for-your-tractor-but-own-it/

 

[sim.-ang.king]

jd CEO got a 31% pay raise this year and now makes a modest $16M per year.

They should take that money, and divide it between their 69600 employees, so they can all get a 12￠ raise. :rolleyes:

 

[Buck Randall]

I was raised not to bite the hand that feeds you.

Edit to add this was in response to fences post

Bite or be bitten. Deere is not going to give their employees anything out of generosity.

 

[Lee VanRoss]

Spoken like a true communist Buck.............................................

 

[TennesseeTuxedo]

Bite or be bitten. Deere is not going to give their employees anything out of generosity.

How much more to you make than the lowest paid employee in your clinic? Physician heal thyself.

 

[Buck Randall]

How much more to you make than the lowest paid employee in your clinic? Physician heal thyself.

Depends on the year. 3-4 times more, typically.

 

[callmefence]

Bite or be bitten. Deere is not going to give their employees anything out of generosity.

A knife that cuts both ways.... that's how it works.