Strike at Deere plants in the US, more supply chain shortage to come

[Pixguy]

nah...they were bailed out by the tax payers...

General Motorsto wipe out current shareholders


I'm certainly open to see proof that the stock shareholders were made whole by GM or taxpayers.

 

[ruffdog]

Thus, I will never again buy a GM or a Mopar for that matter. Government bailout is "free" enterprise??

Cheers,
Mike

Don't forget the $6B Ford got. They have been deferring payments and final payments are due in 2022.

https://www.freep.com/story/money/cars/ford/2020/07/31/ford-defer-loan-payments/5554286002/

 

[Username Taken]

You won’t live long enough to see Deere bankrupt. Deere calls this offer their highest and best. Plan on this strike lasting into 2022.

That's what they said about generic motors. I followed it closely for over ten years. It wasn't an overnight thing. It was no surprise to anyone, especially gm. They planned it. Got $50 Billion from the goobermint, didn't they? Of which they skated on about 20 billion no matter what the lemmings in the media say. They did.

Ford didn't need or want any money. Geitner et al more or less made them take it. Wasn't that much anyway. Not sure Ford has ever paid it back. Can't blame them.

Chrysler is another story. AFAIC, they'r innocent in all this. After what Daimler did to them.... That was a crime. Daimler had no interest in Chrysler, they wanted Detroit Diesel. But the goobermint wouldn't let them buy it because of some rules in the National Security book about a non-domestic Company owning Defense Department contracts. Very boring stuff. So they bought Chrysler, mistreated the daylights out of them and waited for the inevitable..... For generic motors to fall due to their own stupidity. Daimler ended up buying DD outright before the fall and Daimer immediately forgot about Chrysler. Weren't interested. Before or during all the mess.

generic motors is the bad guy in all this. They were the ones who caved to the stupidest Union demands in Galactic History. They were the ones who caused it all. generic motors was, at one time, the biggest, richest, most successful company in all the world. And between stupid management and greedy unions, ran the company into the ground.

I'm talking the locomotive division (best in the world) the diesel division.... Lots more than your family's Buick Station Wagon. The whole ball of wax. That takes talent. People that stupid and that greedy aren't born every day. It takes time to develop.

And, IMO, they're either still at generic motors or have moved on to Deere, Inc.

If Deere wants to, they can give their employees a deadline and then start firing and replacing them. But they can't get anybody to show up for work. Not just in Moline.... Anywhere. Anybody. Even McDonalds can't get help.

Nobody wants to work these days. Why should they? They can stay home on their GameBoy and get free money from the goobermint.

This whole Country is a mess right now. And it's gonna get worse before it gets better

 

[RickB]

I guess we will have to stay tuned. Right now there are 10,000 people used to making 30-50K a year getting $275 a week. Merry Christmas.

 

[Username Taken]

I guess we will have to stay tuned. Right now there are 10,000 people used to making 30-50K a year getting $275 a week. Merry Christmas.

Up to $693 a week in Illinoise for up to 39 weeks. Don't know about any supplement from the cpusa/uaw.

 

[ultrarunner]

No answer but comes a time when you call it a day...

Bad feelings last a long time and quality suffers.

Not sure what the end game is but at my little corner we have been notified wages are frozen so some of the young talent is jumping ship because those willing to travel can clean up...

 

[RickB]

Up to $693 a week in Illinoise for up to 39 weeks. Don't know about any supplement from the cpusa/uaw.

I'm talking about Union paid strike benefits. I suspect the strikers aren't getting unemployment compensation.

 

[two_bit_score]

I was trying to think of an example of a major corporation that went under because they paid their workers too well.

There must be some examples of that happening.

GM, Ford, Chrysler.....lots of blame to go around but the bloated union contract’s definitely were major contributing factors. As were almost all the Rust Belt Failure.

 

[rScotty]

GM, Ford, Chrysler.....lots of blame to go around but the bloated union contract’s definitely were major contributing factors. As were almost all the Rust Belt Failure.

Right. I am sure you are right, but that's not what I meant when I wrote the question about trying to think of an example of a major corporation that went under because they paid their workers too well....., I wasn't meaning corporations with union contracted workers - or however you say it.

I should have been more specific. But I live in the western US where unions are rare, and when westerners think of workers, we tend to think of them as individuals; not as part of a union. Unions just aren't as much in the public eye here as in the industrial East.
rScotty

 

[Torvy]

The biggest problem with examples like that is that they are companies of which most haven't heard. Thousands of new businesses start up with a dream of being 'better' in some way. Laudable goals, but the laws of Economics are not going to change any more than the laws of Physics.

In my opinion, one of the best ways to compensate all employees is to include a profit sharing component. If the company does well, everyone makes more. Ultimately, though, supply and demand will dictate what levels of pay accrue to each job. Imagine the outrage among skilled positions if the company paid unskilled workers the same...