I did not hear that John Deere is starting to move production out of USA. FOR some model tractors

[stevem5215]

We live in the world now where you sign an agreement as hiring for "at will employment". That means that they are not dedicated to keeping you and you to them and can quit at any time. That's the difference from the 60's where companies were more committed to employees too.

Don't like your pay or job. Get some more education and move on to a better paying and respectful job.

 

[TimberFarm]

Profit may be distributed to shareholders via dividends or banked by the company. The CEO does not own that money in a public company. I never said anything about the CEO other than that his pay is taken as expenses in accounting before profit is counted.

As Chairman, Chief Executive Officer, and President at DEERE & CO, John C. May made $26,285,804 in total compensation. Of this total $1,591,674 was received as a salary, $5,911,159 was received as a bonus, $5,733,640 was received in stock options, $12,446,367 was awarded as stock and $602,964 came from other types of compensation. This information is according to proxy statements filed for the 2023 fiscal year
Is he worth that? Not my decision, shareholders.

Toyota annual gross profit for 2024 was $64.641B, a 38.37% increase from 2023.
Toyota annual gross profit for 2023 was $46.716B, a 12.1% decline from 2022.
Toyota annual gross profit for 2022 was $53.148B, a 17% increase from 2021.

And what is the average worker's salary Here in the US? What will the average worker salary be in Mexico?
How much are they actually saving by moving? Then see what happens to that "savings" in the first year after they are in Mexico and who receives it.

It seems to me that the corporate vs worker system is out of balance. There is too much attention to management pay checks and investor returns - and too little to encouraging the workers who make it all possible. That's not a news flash; everyone I know feels the same.

How in the world did that come about? It sure didn't use to be that way. It used to be that when a company did well, so did the employees.

Having always worked for myself, I may be missing something here. After all, I always had the ability to adjust time and pay. ....

But I know my friends and neighbors. I've watched and listened to them. And I know the are having a hard time the last 40 years or so. Most of them aren't the type to complain for no reason.

It isn't politics - though that does contribute. But I think there is something more. Something important and fundamental has changed in the business world since about the 1960s and 1970s. Slowly but surely, the way that business operates now that is different from back then. It has changed during my working lifetime. But what exactly is different now? And why?

rScotty

The big change in CEO attitude happened when "Chainsaw Al" Dunlap took over Sunbeam and others in his career as a CEO.
Read his history. In the end he got his just reward. But he unfortunately planted the seed in the CEO world which brought us to where we are today:An Early Look at CEO Pay Trends From Proxy Season 2024.

 

[TimberFarm]

I think you think I quoted you, but I actually quited Timberfarm, who had quoted me, but y'alls posts looked very similar.

Basically what I'm saying is people need to use common sense here. If you're going to promote unions, and force JD to pay their employees in union states X $, and give X benefits, and JD feels that they are asking for way more than what their worth, then don't be surprised when their higher-ups decide to pull the plug, and move elsewhere. I bet JD jobs at plants in TN and GA are safe.?.? I mean they employ you. You freely accepted that. They are your boss. But instead of moving on when you become unhappy (really you just find that they're making a profit, and you feel entitled to it) and try and act like you're their boss by coming together as coworkers and refusing to work if your employer doesn't meet some demands that you the employees, and union come up with. Of course any business is going to want to escape that. So don't get mad when a business leaves after several strikes in just this past decade. And I'm not saying that I like it, but I do understand it, and can't blame JD for wanting out of the situation.

For example, let's say you have kids, but that you live in a poor school district. So you want to send your kids to this other school, but the powers that be tell you, "no, you have to send them to that school, with a high pregnancy rate, low average GPA, high gang presents, and a big drug problem." Are you going to just kowtow, or are you going to do something about it, like moving to a more favorable area, where the school district isn't an issue?

Except now the norm is having to sign a No Compete Contract in order to get hired. How do you move on to another job to make a higher pay when your old employer hangs that over your head?

 

[DarkBlack]

Except now the norm is having to sign a No Compete Contract in order to get hired. How do you move on to another job to make a higher pay when your old employer hangs that over your head?

Starting in September , non-compete contracts will be, no more

 

[bigtiller]

I worked for JD for 30 years and I can say for certain that the company appreciates having a strong union in place. They told us that many times. Manpower problems are at a minimum and every 6 years they negotiate a mutually agreed new contract. No fighting, threats, or bullying, just normal people negotiating for a mutually agreed upon path for the future.

They even have quarterly meetings to tell us how the past sales went and what they predict for the future.

Short of some radical geo-political changes, I expect it to remain an excellent place to work for ones entire carrier.

 

[rScotty]

I worked for JD for 30 years and I can say for certain that the company appreciates having a strong union in place. They told us that many times. Manpower problems are at a minimum and every 6 years they negotiate a mutually agreed new contract. No fighting, threats, or bullying, just normal people negotiating for a mutually agreed upon path for the future.

They even have quarterly meetings to tell us how the past sales went and what they predict for the future.

Short of some radical geo-political changes, I expect it to remain an excellent place to work for ones entire carrier.

Do you think that is still true? If so, why would they lay off union workers here and move production to another country?

 

[Torvy]

I worked for JD for 30 years and I can say for certain that the company appreciates having a strong union in place. They told us that many times. Manpower problems are at a minimum and every 6 years they negotiate a mutually agreed new contract. No fighting, threats, or bullying, just normal people negotiating for a mutually agreed upon path for the future.

They even have quarterly meetings to tell us how the past sales went and what they predict for the future.

Short of some radical geo-political changes, I expect it to remain an excellent place to work for ones entire carrier.

Dude, they went on strike. They "won" their contract, but it was a pyrrhic victory.

Companies always say nice things about the union to the union employees. I promise you in their meetings they are trying to minimize the damage caused. Part is financial, part is regulations, part is just efficiency.

It won't be all at once, but they will keep moving jobs because the union priced itself out.

 

[bigtiller]

Do you think that is still true? If so, why would they lay off union workers here and move production to another country?

To answer your first question, yes it is still true. It was a mutual agreement, signed by designated people on both sides.

Your second question, people get laid off in every job in America every week. It's very difficult to predict the future market.

Also, we have to remember that they own the store. The company is responsible for prosperous decision making.

 

[bigtiller]

Dude, they went on strike. They "won" their contract, but it was a pyrrhic victory.

Companies always say nice things about the union to the union employees. I promise you in their meetings they are trying to minimize the damage caused. Part is financial, part is regulations, part is just efficiency.

It won't be all at once, but they will keep moving jobs because the union priced itself out.

Dude, your opinion on this matter carries no weight with me.

 

[Ricn]

Who cares? What kind of profit did Toyota make? What kind of profit did Kubota make? What kind of profit did SIG make? What kind of profit did Google make? Maybe companies should just strive not to make profit? Does JD make that much profit every year, or could there be years where they might take a loss, or only make a small profit? Are you saying that JD's CEO's net value is $10 billion, and even if it is there's nothing wrong with that.?.? Who are you to say what a business CEO is or isn't entitled to when their company earns that much or more in profits?

If you don't like the job, or your salary then move the hell on. The market will determine what your value is. I've seen and been apart of it first hand. The problem is unions want to try and take a company by the balls, and dictate what they will, and will not, what benefits they'll hand out, how much they'll pay any give employees, etc. The thing is these large businesses that make large dollars don't need or want some entitled, outside source coming in and making demands, and trying to determine their outcome. This isn't the USSR or PRC. If you don't like the job then find another. This system is working great here in the southeast, while industrial job, and large manufacturing is suffering in union states and trying to leave them.

You want to try and infiltrate a large company, make demands, and use labor (or lack there of) to force their hand to meet some demands that you the workers, and the unions come up with because, "they make a profile, so we who agreed to/chose to work here for X money, and X benefits feel that we're entitled to it." So you want to grab them by the balls, and force their hand every few year, but then you want to cry, when said company (JD in this case) says, "F all that. We're leaving, and moving somewhere where our employees aren't going to refuse to work, unless we meet their demands."

I'm sorry, but I can't blame a privately owned business for trying to control their own destiny in a free market. Of course they want to make profits. That's the name of the game in