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CIL | Clay SEIA - 10/26/2021 09:11
I think you're missing the point of what he told me, which was that these people didn't take an available opportunity to pile up extra cash while working at a place that is a cyclical business subject to potential downturns of ag and construction markets. And then the downturn eventually happened.
Also, yes I am aware that there can be disincentives from an income tax standpoint for cashing those overtime checks.
If you think piling up extra cash when your employer decides to fire you anyways will help you remain with said employer in the long run, then we have very different views on employer/employee relationships.
I think you are missing the fact that the layoff mentioned was due to a drop in demand.
https://www.wqad.com/article/news/local/drone/8-in-the-air/deere-to-...
"Deere & Company announced that they will lay off about 460 employees from its Waterloo facility.
The reason for the indefinite layoff is to meet current market demand for its products, according to Director Ken Golden.
Related: Hundreds of John Deere workers, including in East Moline and Moline, on indefinite layoff
In mid-August Deere released its 2014 third quarter earnings, which dropped to $2.33 per share compared to $2.56 per share for the same period the previous year. Deere & Company net income also dropped from $2.73 billion in the first nine months of 2013 to $2.513 billion in the first nine months of 2014. Worldwide sales and revenue were also down. As a result, the company said it planned to produce less agricultural equipment to balance out the year.
“Layoffs are never easy because we understand the significant impact this action has on our employees, their families, and the community,” said Dave DeVault, factory manager. “We very carefully assess our workforce requirements to ensure we make the best possible decision to respond to various market conditions.”
Deere also implemented seasonal shutdown affecting most workers at John Deere Ottumwa Works in Ottumwa, Iowa."
Also keep in mind the union made concessions during the thinner years when the company pressed them for concessions. Now that the good times are rolling, suddenly employees are asking for more and deere is throwing them a few scraps. As to layoffs, automation over the decades could arguably take the biggest toll, no matter what the workers are being paid. Any job that can be automated, will be.
https://www.washingtonpost.com/business/2021/10/14/john-deere-worker...
John Deere contends that its assembly-line workers already have some of the best wages and benefits in their respective industries. An employee typically makes about $60,000 per year, according to wage figures published by the company. The now-rejected contract offer would have increased it to nearly $72,000.
Laursen, the Iowa union official, said the strike is really about winning back benefits that workers lost long ago. The company operates under a two-tiered system with smaller pensions than workers enjoyed in the ’90s, he said.
“Fast-forward 19 years, after many concessionary contracts, here we are with a membership that’s better-informed,” Laursen said in an interview Thursday.
Toby Munley, an electrician at the Ottumwa plant, is in his 18th year with the company and worries whether he will be taken care of in retirement.
He and his colleagues have been comparing their benefits to those of previous generations and believe they are coming up short. He notes that his father-in-law received health-care benefits in retirement that he won’t, as did his grandmother, who was married to a John Deere worker.
“We need a light at the end of the tunnel,” he said.
Edited by WTF2014 10/29/2021 02:35
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Deere strike-standing up for what you believe
