Deere & Co. continued to rake in record profits this fall, and the company expects to make even more next year...Job elimination to go on as scheduled
- Thread starter THE_DEVIL
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No problem with this. Good for them if they can cut jobs.
Some folks just don't understand capitalism. You don't just keep workers around that you feel you can do without.
What? They need fewer humans? Bastards!
It's great as long as it's undocumented immigrants undercutting the labor market but as soon as it's people getting eliminated altogether...that's when my blood boils!
It's great as long as it's undocumented immigrants undercutting the labor market but as soon as it's people getting eliminated altogether...that's when my blood boils!
like moving the jobs to Mexico?
This is one of the most absurd posts I've ever read on here.
Oh we understand capitalism. We've been saying for a long time that it only cares about profits, not people.
Imagine being so programmed that you are like "bless their corporate hearts."
Laying off workers is not a sign that the company doesn't care about people. You have to look at working conditions, benefit programs, etc.
The Board and management have a job to do for their stockholders.
Trickle down economics, right? Reagan sold the American people a nice big load of horsecrap. The damage caused to the middle class over the last 40 years is staggering, and here we have Republican board members cheering it on. People losing their jobs so a corporation can make even MORE money and these guys LOVE it. So caring.
Bless their hearts.
Trickle down economics is indeed horse crap. That's why the government shouldn't be giving special tax breaks or other incentives to corporations IMO.
But capitalism is not the same as trickle down. If you own a business you make decisions in the best interests of the company - normally to grow and be profitable - make the business more valuable.
Adjusting the workforce from time to time is just a part of business.
I talked to a farmer and they get a new John Deere combine every two years.
They said there is so many moving parts they become unreliable and with trade-in it makes economic sense.
Seems to me you would be better off buying those shitty looking combined that look like raw sheet metal (Gleaner?).
I would be fine with some protectionist trade policies but since that isn’t happening a global manufacturing environment is reality.
They said there is so many moving parts they become unreliable and with trade-in it makes economic sense.
Seems to me you would be better off buying those shitty looking combined that look like raw sheet metal (Gleaner?).
I would be fine with some protectionist trade policies but since that isn’t happening a global manufacturing environment is reality.
Sounds like greed. It's crap like this why CEO pay has increased by 900% since the 1980s and worker pay has increased by 10%. They're making themselves wealthy on the backs of their workers and then effing them over as soon as they are expendable. Selfish greed.
Yeah, why the hell would they reward those employees for contributing to those record profits when they can simply get out the axe, dump those freeloaders and have more profits to themselves? Capitalism, Bay-bee!!!
If capitalism only cared about profits, I’d be okay with it. We’ve rigged the system where board members are able to reward each other with outrageous undeserved compensation.
About a month ago, there was a thread about the corporate (white collar) layoffs at Tyson in Sioux City, how it would affect the town, families, etc. There doesn't seem to be the same type of empathy or concern for the community or families affected by these blue collar layoffs. I also don't recall so much of the "that's how capitalism is supposed to work/serving their shareholders" rhetoric.
Moral, honest question.
Not knowing what you do for a job or maybe retired.
What would you do/ suggest keeping people happy on both sides if you were the CEO/management in this situation?
If you were running Deere, what would you do with unnecessary workers? Continue paying them to not work? Cut hours for all production workers? What's your solution?
Why? It is not an obligation of any employer to provide jobs for people.
Labor expense should be eliminated where it can be.
The total compensation for the board of directors at Deere & Co. amounts to $1,254,997. With nine members on the board – excluding the chairman and a recent 2020 addition for which the numbers have not been released – compensation comes out to roughly $293,000 to $340,000 per member.
But that's not what's happening.
It's fine for corporations to care only about shareholders and top executives but it's also fine to call bullshit on their claims that "our workers are our most important asset" rhetoric.
I could look it up but probably a couple hundred thousand a year in cash and Deere stock.
They meet quarterly for a couple of days. Many members serve on multiple boards. It's an example of how the executives in corporate America are able to prosper in many ways without riak.
I get why companies need to make tough decisions. Is cutting jobs to move factories to Mexico one of those tough decisions, in a time of record profits? Questionable.
Regardless, what’s ****ed up is people on here almost celebrating it. Behind every one of those jobs is a human being, maybe the only one supporting an entire family. I’ve been on the laying off side and it sucks. I never forgot these were real people, not just numbers.
Regardless, what’s ****ed up is people on here almost celebrating it. Behind every one of those jobs is a human being, maybe the only one supporting an entire family. I’ve been on the laying off side and it sucks. I never forgot these were real people, not just numbers.
First, it's an assumption these jobs are unnecessary. Second, Deere is making record profits. Who makes cuts during record profits if not for even more greed?
Fair enough.
But what would you do if you were on the Board or the CEO and you were hired by the stockholders to get them a great ROI? Take a pay cut so you could retain more workers? Tell the shareholders the company is already making a lot of money and making more is unnecessary?
People like to say the government handouts are an example of socialism. They aren't. An example of socialism is when the government controls companies by putting limits on how much money they can make. You don't want that do you?
My motto - Let business thrive, and then tax 'em!
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That's what this thread is about. Job cuts while the company is profiting. Pay attention.
Companies don't cut jobs if they are needed for production.
Why are you ignoring the question? If you are running a business, and have unnecessary people, what would you do?
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During the last recession that is exactly what my wife and the rest of the executive staff at her company did.
Never, ever would happen at Deere though.
I looked it up, and wasn't quite as lazy as Riley, though his post was accurate. Their TOTAL compensation averages around $300K per year. That's not outrageous at all for a company the size of Deere.
