John Deere strike ends
Comments
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And?
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Pensions restored for new hires . . . You’re sad AND stupid.
Does China have John Deere plants or knock-offs?
Are you aware what John Deere had to give up to get into the Chinese market?
What year are those “new hires” planning on retiring?
Gawd, you’re gullible. -
I've actually been following this strike via the Breaking Points podcast. Some interesting nuance.
This in a lot of a ways was the old-guard at JD having the backs of the new hires. As I recall there were 3 tiers of employees. The newest employees were being offered pennies on the dollar and no pension. The old-guard could have easily said tough shit kid, you on your own.
Allegedly the execs at JD were implementing these changes despite records profits.
The other interesting thing that isn't mentioned here is the employees actually REJECTED this 2nd offer. However there is a delegate system (I don't understand how it works) that ratified the 2nd contract offer despite losing a majority of votes. They were still ready to walk, for more.
Funny story, when the blue collar workers walked, they put the white collar workers on the plant floor. The first morning by 830a the plant had to call paramedics due to injury on the plant floor.
Despite my long-held disdain for unions, I find myself moving left on this issue. it doesn't sit well with me the $4 Trillion print/inflation is causing a greater chasm between the haves, and have nots. JD is clearly a winner in the inflation game. Plus the impetus to move factory jerbs overseas? Yeah, fuck you BIG Business/BIG Finance. (Not to be confused with my love of small business)
I don't like arbitrary, govt intervention in markets, however if this income disparity isn't figured out soon history will repeat itself circa 1790 France. heads will roll.
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It was my understanding (can’t find a link) that JD had to give up intellectual property to China in order to get into that market. Short term gain IMO. I may be wrong.
With their record profits, I’m thrilled for the blue collar workers.
Really wonder how a company like JD will trend long-term with the green gaia religion and the move away from fossil fuels . . .
Thanks for the information you provided. -
What the fuck are you talking about.trublue said:Pensions restored for new hires . . . You’re sad AND stupid.
Does China have John Deere plants or knock-offs?
Are you aware what John Deere had to give up to get into the Chinese market?
What year are those “new hires” planning on retiring?
Gawd, you’re gullible. -
Nice to see you have at least a couple of brain cells left in that noggin.pawz said:I've actually been following this strike via the Breaking Points podcast. Some interesting nuance.
This in a lot of a ways was the old-guard at JD having the backs of the new hires. As I recall there were 3 tiers of employees. The newest employees were being offered pennies on the dollar and no pension. The old-guard could have easily said tough shit kid, you on your own.
Allegedly the execs at JD were implementing these changes despite records profits.
The other interesting thing that isn't mentioned here is the employees actually REJECTED this 2nd offer. However there is a delegate system (I don't understand how it works) that ratified the 2nd contract offer despite losing a majority of votes. They were still ready to walk, for more.
Funny story, when the blue collar workers walked, they put the white collar workers on the plant floor. The first morning by 830a the plant had to call paramedics due to injury on the plant floor.
Despite my long-held disdain for unions, I find myself moving left on this issue. it doesn't sit well with me the $4 Trillion print/inflation is causing a greater chasm between the haves, and have nots. JD is clearly a winner in the inflation game. Plus the impetus to move factory jerbs overseas? Yeah, fuck you BIG Business/BIG Finance. (Not to be confused with my love of small business)
I don't like arbitrary, govt intervention in markets, however if this income disparity isn't figured out soon history will repeat itself circa 1790 France. heads will roll. -
https://www.reliableplant.com/Read/10759/john-deere-exps-into-china-with-joint-ventureTheKobeStopper said:
What the fuck are you talking about.trublue said:Pensions restored for new hires . . . You’re sad AND stupid.
Does China have John Deere plants or knock-offs?
Are you aware what John Deere had to give up to get into the Chinese market?
What year are those “new hires” planning on retiring?
Gawd, you’re gullible.
https://m.made-in-china.com/hot-china-products/John_Deere.html -
Not sure what valuable intellectual property exists in tractors, but still ....trublue said:It was my understanding (can’t find a link) that JD had to give up intellectual property to China in order to get into that market. Short term gain IMO. I may be wrong.
With their record profits, I’m thrilled for the blue collar workers.
Really wonder how a company like JD will trend long-term with the green gaia religion and the move away from fossil fuels . . .
Thanks for the information you provided.
This is very common with companies hoping to do business in China. So much so it's become a major issue in the tech and defense sectors. The CCP strait up orchestrates those deals with US companies where they control the company and take the IP in exchange for access to the China market.
FYFMFE
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^^^^^^^^^^^^^^^
This (Pawz’s post) is what I’m talking about, Kobe*******.
How many companies have negotiated defined benefit pensions (if it is even that good) and failed to deliver 30-40 years later?
How old are you? -
That is what John Deere did with China . . .pawz said:
Not sure what valuable intellectual property exists in tractors, but still ....trublue said:It was my understanding (can’t find a link) that JD had to give up intellectual property to China in order to get into that market. Short term gain IMO. I may be wrong.
With their record profits, I’m thrilled for the blue collar workers.
Really wonder how a company like JD will trend long-term with the green gaia religion and the move away from fossil fuels . . .
Thanks for the information you provided.
This is very common with companies hoping to do business in China. So much so it's become a major issue in the tech and defense sectors. The CCP strait up orchestrates those deals with US companies where they control the company and take the IP in exchange for access to the China market.
FYFMFE
