john deere on strike

[jmc]

Deere stock is up $1.50 or 1/2% today.

Markets seem not to care.

MoKelly

Broad market indices are up 2 or 3 times that tonight.

 

[MoKelly]

Broad market indices are up 2 or 3 times that tonight.

Did you look at Ford today? There are no guarantees in this market. Bad news is punished.

If it’s considered bad news.

MoKelly

 

[ruffdog]

This is what I said when I used to sell Milwaukee tools and was offering the last of the 'made in usa' ones. It was expensive of course. One guy sent me a note saying it was overpriced and I told him it was made in the USA. He responded with something like, 'Well, bottom line is I got mine much cheaper.' I wanted to respond back saying, "No. Bottom line is some of your fellow countrymen are now out of work." But I never did.

Ha! I bought one of those last made in USA var speed 1/2" drill motors. I didn't need it yet but I was happy to buy it.

 

[jmc]

Did you look at Ford today? There are no guarantees in this market. Bad news is punished.

If it’s considered bad news.

MoKelly

Ford's broad market index, the S&P 500, is still up 1.7% today despite Ford dragging the S&P 500 down. That's over 3X the gain of what Deere did today. So Deere was a huge loser today, relative to 499 of its peers.

 

[Frankenkubota]

I see that the jobs are "skilled and tedious". Many jobs like that are best done by robots.

i read that and after working 10 years in situations almost exactly like JD factories.......

i don't get the skilled but tedious comment.

Tedious i get. seems to me most tedious jobs are not skilled and most skilled jobs are not tedious.

Semantics?

 

[milkman636]

Tactically I can understand why unions are making a stand for higher wages now. For years their ranks have been thinned by offshoring of manufacturing, and any strike was easily countered with replacement workers. It seems that both of those barriers are probably the lowest they will be in the foreseeable future. So I think the union has shown some wisdom in making a stand right now. Especially, when executives and shareholders have already been handsomely rewarded in the last year. They can make the case that the people putting all the stuff together to generate that revenue and shareholder value should get a pat on the back too. Personally, I’m not opposed to any working American making higher wages, regardless of educational or economic background. Showing up and getting the work done day-in and day-out should be rewarded. My prediction is that Deere will make some quick concessions, and get back to making money and those green tractors that are selling at all time high prices. Kudos to those union leaders for recognizing the opportunity and having the courage to act on it. I hope it works out well for them and Deere. They should both be able to prosper together. I hope they do because I have an eye on one of their products that I’d like to buy in the future.

 

[newbury]

I see that the jobs are "skilled and tedious". Many jobs like that are best done by robots.

And with this strike I'm sure many will be taken over by robots.

These are the ones that whine the loudest when their job goes south (or far east). As far as robotics go, many of the low skill jobs are replaced with high skilled, good paying jobs that keep those robots humming.

But it only takes a small number of robot maintainers per fleet of robots.

Look at Tesla - lots of robots putting together their cars and trucks.
And robot does not mean a bipedal automaton. Much of it is equipment that does what a human assisted with other machinery would do.
The machinery and robots don't care, don't complain, and don't strike.

 

[bullbreaker]

Does this include there construction "yellow " division ? Might sound like a dumb question .
I think in there smaller excavators they might be married to Wacker Neusom , as in there large excavators there married (i think ) to Hitachi ..................

 

[arto98607]

I thought most all of their smaller tractors were made offshore - are these 10,000 unionized employees building their big ag. tractors or the yellow model line?

Or are they putting wheels and fenders etc. on imported smaller ones?

Someone in the know, please educate rest of us.

 

[IndyJay]

And with this strike I'm sure many will be taken over by robots.

But it only takes a small number of robot maintainers per fleet of robots.

Look at Tesla - lots of robots putting together their cars and trucks.
And robot does not mean a bipedal automaton. Much of it is equipment that does what a human assisted with other machinery would do.
The machinery and robots don't care, don't complain, and don't strike.

I am very familiar with this topic, first hand. You would be surprised to see the number of people they have on the maintenance crews. Aside from the physical maintenance (mechanical repair includes servos and hydraulics) there are also people that maintain the programming and software updates and patching.

They use robots in body welding, body paint as well as AGV's that deliver parts to the line just in time. These folks are highly trained and well-paid.