The green paint company that makes (or used to) make farm equipment & large tractors is forecast to makes record revenues of 5.9 billion this year. This company offered workers an immediate 10 % pay increase and one time bonus pay of 8500 dollars within 90 days.The workers apparently turned down the offer and there is no production going on in U S A. The scuttlebutt is the green paint company is not preparing any more offers to workers. Was that a reasonable offer? Do you think the green paint company could produce tractors & equipment cheaper in Europe or Asia than in U S A. They have production factories worldwide. Is this a possibility.
- Thread starter sourgum
- Start date
I would have voted yes. They already make more than a lot of jobs in manufacturing/assembly line. The extra bonus $ is equal to a one year hourly increase of $4.50.
Granted it isn't fancy, mentally simulating, or exciting work, but many jobs aren't. Cost of living isn't high, the work isn't difficult (been to multiple assembly facilities) and sadly it doesn't take a lot of skill to do most of the jobs. Less skill/knowledge =less pay. Doesn't make someone any less of a person, just a matter of fact.
Granted it isn't fancy, mentally simulating, or exciting work, but many jobs aren't. Cost of living isn't high, the work isn't difficult (been to multiple assembly facilities) and sadly it doesn't take a lot of skill to do most of the jobs. Less skill/knowledge =less pay. Doesn't make someone any less of a person, just a matter of fact.
A couple corrections:
Green paint has lost production at union plants in the US. They have several non union plants that are still running. Could cause some shifts in future production.
BOTH red paint companies had union problems in the 80s. Didnt help either one of them, or the employees.
Green paint has lost production at union plants in the US. They have several non union plants that are still running. Could cause some shifts in future production.
BOTH red paint companies had union problems in the 80s. Didnt help either one of them, or the employees.
Bruce from Can.
Well-known Member
- Location
- Woodville, Ontario, Canada
Do I think that the green tractors can be made in other places, absolutely. Cheaper, hard to say. Lots of large tractors and forage harvesters are already coming to North American from Europe now. No reason the green ones cant too.
Bruce from Can.
Well-known Member
- Location
- Woodville, Ontario, Canada
You trying to tell us you make less than 20 Grand per year ??
Minimum wage here is $15.00 per hour, roughly 30 Grand per year, or $600.00 per week. Must be a hard scrabble living for you.
Minimum wage here is $15.00 per hour, roughly 30 Grand per year, or $600.00 per week. Must be a hard scrabble living for you.
Of course more work will go to China and Mexico.
Wish they could easily tie the roller coaster of company profits to worker pay.
Those of us in farming understand the feast and famine nature of ag. The union sees huge huge profits of the green company this year, and want a piece of that pie.
The stars all lined up right to create the year of big profits.
Looking at ag economics, the next 2-4 years could be pretty slow with poor machinery sales.
Will the union be willing to share that as well?
Paul
Wish they could easily tie the roller coaster of company profits to worker pay.
Those of us in farming understand the feast and famine nature of ag. The union sees huge huge profits of the green company this year, and want a piece of that pie.
The stars all lined up right to create the year of big profits.
Looking at ag economics, the next 2-4 years could be pretty slow with poor machinery sales.
Will the union be willing to share that as well?
Paul
Geo-TH,In
Well-known Member
I rented to a 52 year old man with stage 4 lung cancer. His Disability was $1800 a month, $21,600.
Some say they can't live on $1500/mo disability.
Using government guide lines, rent to income ratio. $1500 a month might qualify for a one bedroom apartment.
I look for $2500 take home before I'll rent you a 3 bedroom house.
Problem, most landlords are selling. Got tired of being told they can't evict people that don't pay rent. I sold 2 properties. Make more money in the market and no headaches.
Some say they can't live on $1500/mo disability.
Using government guide lines, rent to income ratio. $1500 a month might qualify for a one bedroom apartment.
I look for $2500 take home before I'll rent you a 3 bedroom house.
Problem, most landlords are selling. Got tired of being told they can't evict people that don't pay rent. I sold 2 properties. Make more money in the market and no headaches.
MarkB_MI
Well-known Member
- Location
- Motown USA
If that company could profitably move its US production offshore, it would have already done so.
Traditional Farmer
Well-known Member
- Location
- Virginia
JD has been getting tractors made in Germany for years
It would be interesting to know what the average wage is. I'll bet they are making pretty good wages. I've never received a 10% raise to say nothing about an $8500 bonus. I'm sure that not one of them are overworked. Let them go hungry and get behind with there expenses. If the green co gets fed up with it and closes the plants then moves production out of the country, they will be the first to whine about jobs leaving the USA. Wonder how much their wages will be then with no jobs.
coonie minnie
Well-known Member
The employees are after equal pensions for new hires. Currently new employees ge no pension, while longtime ones do.
Deere of course had worldwide production capability. 5000 and 6000 sereis tractors are made overseas, as are the self propelled forage harvesters.
I know 4 people who work or worked for Deere in non-union positions. All have been frustrated at the job cuts in engineering etc. If someone leaves, the others take up the slack. They were concerned for morale years ago, long prior to the strike. One, in her early 40's, was offered a retirement package, and she took it. She'd been at JD since college.
Some factories are still running in the US. The Horicon Works near me is still running. Different union. There will still be mowers and gators next year.
I've heard various numbers as to what Deere factory workers make. I'm sure it depends on the job. One article quoted a painter making $19 and change after nearly 2 decades on the job. He mentioned he could make more currently butchering hogs.
It'll be interesting to see what happens.
Deere of course had worldwide production capability. 5000 and 6000 sereis tractors are made overseas, as are the self propelled forage harvesters.
I know 4 people who work or worked for Deere in non-union positions. All have been frustrated at the job cuts in engineering etc. If someone leaves, the others take up the slack. They were concerned for morale years ago, long prior to the strike. One, in her early 40's, was offered a retirement package, and she took it. She'd been at JD since college.
Some factories are still running in the US. The Horicon Works near me is still running. Different union. There will still be mowers and gators next year.
I've heard various numbers as to what Deere factory workers make. I'm sure it depends on the job. One article quoted a painter making $19 and change after nearly 2 decades on the job. He mentioned he could make more currently butchering hogs.
It'll be interesting to see what happens.
Mike(NEOhio)
Well-known Member
- Location
- Newbury, Ohio
That's just the UAW greed. It's never enough. They've been slowly dying for a long time and have already sold out younger members in automotive plants with two-tier wages. I'd say that offer looks pretty good. I went through that crap when I worked at a GM plant. Someone said here no retirement for newer employees but are they offering a 401k with a match? That's the trend these days.
Richard G.
Well-known Member
I received two 10% raises when I worked at Clemson U.
The professor I worked for never gave any raises.
The department head found out and told him to give me the raises.
And, NO, it was not me who told the department head about my not getting raises.
Richard in NW SC
The professor I worked for never gave any raises.
The department head found out and told him to give me the raises.
And, NO, it was not me who told the department head about my not getting raises.
Richard in NW SC
Bruce from Can.
Well-known Member
- Location
- Woodville, Ontario, Canada
I was aware of that, but not so much the high hp tractor and combine
DoubleO7
Well-known Member
- Location
- Crystal River, FL
Makes record revenues of 5.9 billion this year.
What was the profit??
Revenues means nothing as a company can still be operating at a net loss = no profit.
Read a book people. Unions didn't kill IH, lousy company management decisions did.
If a company offers you a ten percent raise and a bonus in the FIRST contract negotiations
they've been giving you the PTO shaft for a very long time. Maybe JD will bring in
hablo espanol workers, that's done wonders for the dairy industry.
If a company offers you a ten percent raise and a bonus in the FIRST contract negotiations
they've been giving you the PTO shaft for a very long time. Maybe JD will bring in
hablo espanol workers, that's done wonders for the dairy industry.
What often happens is the assembly plant stays in the USA, but the manufaturing of the parts to be assembled slowly moves overseas.
Roller chain comes from China instead of usa.
Hydraulic hose.
Sub assemblies of this and that.
Slowly the jobs drift over seas.
If labor and energy costs make a jump up in the USA, the flow of jobs will likewise jump to other countries where the labor and energy costs are more stable.
Paul
Roller chain comes from China instead of usa.
Hydraulic hose.
Sub assemblies of this and that.
Slowly the jobs drift over seas.
If labor and energy costs make a jump up in the USA, the flow of jobs will likewise jump to other countries where the labor and energy costs are more stable.
Paul
Can't have a vehicle for that kind of money and most likely do not own a home if like around here on those wages. When I spend 50 dollars at the grocery store on average it is for under 20 items. When you live in town or the city like a lot of these people planting a garden or hunting is not an option to stretch money nor is burning wood.
BarnyardEngineering
Well-known Member
- Location
- Rochester, NY
Yeah but they've all been doing that over the last 30 years, unions or not. One day you show up to work and find out through no fault of your own that your job has been shipped overseas due to cost cutting measures.
fixerupper
Well-known Member
Makes record revenues of 5.9 billion this year.
What was the profit??
Revenues means nothing as a company can still be operating at a net loss = no profit.[/quote]
Double07 has a good statement. That 5.9 bil might be gross income. We tend to forget about inflation when we see a large gross figure. Deere might have 6 bil in overall expenses which puts them in the red. I dont know this as a fact, its only an example.
I assume the union is smart enough to look at profit percentage instead of gross income but I know nothing about the internal workings of a union. The union might have fed the workers a bunch of crap about the gross income figure, making the gross figure look like a net figure. The workers who have been wage earners their whole lives along with their parents and grandparents have never had to figure a budget and look at profit and loss like business owners do so they are easy to sway.
john in la
Well-known Member
So for a investment of $363.51 for one share I could have had a average income of $14.11 per year for the past 2 years.
What is that a 3.9 percent income.
And they what us owners of Deere (stock holders) to give up some of that income so some worker with nothing invested but the gas in his car to get to work can make more money.
fixerupper
Well-known Member
John I have talked about buying in for the past year and a half but have never made the move. Maybe not right now during a strike?
I would have accepted the company offer. SS recipients are going to get about half the amount this company offered its workers. There are lots of folks from outside arriving in this country daily. Who would be willing to work there for less money. What is amazing is Deer stock price is up so much in one day when no product is coming out the factory door in U S A.(except for mower division)
john in la
Well-known Member
And to answer yours and 07 question.
That 5.9 billion is net revenue.
1.66 billion per quarter times 4 quarters.
That 5.9 billion is net revenue.
1.66 billion per quarter times 4 quarters.
They make a combine in a factory for the China market that looks just like a brand new 7700. The big tractors are built here in Waterloo and are shipped everywhere else they also build the small tractors here like the 50 horsepower and up the little lawn mowers are built here
Thats what my day job wages are yes. Then I work every single job I can find I cowboy , drive truck , mechanic, and I do quite a bit of but custom farming and then my cattle and I lease out some of my range because I dont have as many cattle as I do grass . Oh but I dont know what its like to work .
DoubleO7
Well-known Member
- Location
- Crystal River, FL
It would be difficult for the union to fudge the reported by JD revenue, net profit, etc. privately owned those figures would be kept secret.
Publicly traded companies that info is not secret if they want their shares to be attractive to investors.
Of course the union is god to some workers that can't think for themselves and will believe whatever the union says.
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Income or net income is a company's total earnings or profit. Both revenue and net income are useful in determining the financial strength of a company, but they are not interchangeable.
DoubleO7
Well-known Member
- Location
- Crystal River, FL
The 10% raise and $8500 bonus is just a carrot.
Both are likely to be bumped up by JD in order to avoid giving new hires any sort of pension/retirement/401k and health benefits that the long time and full time workers are getting.
It is all about JD using part timers (less than 30 hours a week) in order to avoid the long term expense of full time workers.
I would have jumped at that offer in a heartbeat. This is all about the unions in the US banding together to take advantage of the current climate in the US. I was in the steelworkers union and we had much worse offers (working for a fortune 50 company that many YT'ers use products from). We once accepted a five year pay freeze just to keep our plant open. In my 28.5 years, We never got over %3 annually. And I heard the JD offer was NO premium healthcare. In the end my job was outsourced to scab contractors and there was nothing the union could do about it. So, yeah, I'd take %10 any day!
Traditional Farmer
Well-known Member
- Location
- Virginia
There are plenty of new arrivals hitting the USA every day that will be more than happy to work for a lot les$ than JD is now offering and JD is well aware of it.
buickanddeere
Well-known Member
A lot of people dislike and may even hate the Green Paint Company . For several reason including that it is the only one of the original companies still in existence. Admittingly it would be irritating to know that the manufacture of Grandpa's tractor is gone or merged.
I would suggest that people get ready for widespread deep dissent and turmoil over the next several years as the general decline in society continues.
Educational and government institutions have worked diligently to discredit and eliminate J u d o C h r i s t i a n values since the 1950's.
Turkeyfoot
Well-known Member
Judo Christian? Is it being undermined
by Kung Fu Capitalism or Karate
Communism? Hi-ya!
by Kung Fu Capitalism or Karate
Communism? Hi-ya!
dr sportster
Well-known Member
Archie McCardell laughed all the way to the bank !
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today.
Copyright © 1997-2024 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
Yesterday's Tractors - Antique Tractor Headquarters
Website Accessibility Policy