If your US based org doesn’t have business in Asia, and your job is outsourced to India then your job was never important to the company to begin with.
John Deere as corporate punching bag
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Small companies can be a crap shoot. Many times it is reliant on what the owner/s pay themselves and/or other family members. You can get an owner who doesn’t pay himself much but has a lot of “extra” benefits or is creating a valuable company that they can sell off as a retirement plan. They get the idea that they can’t make less or similar to others in the place so they lose all relevance to what fair compensation is.
You can see issues with ESOP programs also. You think it’s great but you either get to shafted on the stock when you leave or you get low increases after vesting.
get as many words from the job posting into your resume as you can. You worked with customers but the posting says clients? Make a swap. You worked with partners and vendors and they are all about their stakeholders? Switch.
Hence the problem with talking complex issues on a freaking message board...of course the argument between public and privately held companies is nuanced and is different depending on business. The thread is talking about John Deere, large manufacturing, not private accounting firms and lawn mower services...or ma and pa companies just scraping by.
I'll defend to the core large scale privately held companies as being lightyears better than public...idk man it seems crazy to me that anyone in my world or JD's would even argue this.
If you can find a privately owned company that has the same pay and benefits as the corporations, then yes you’re probably better off. But, the reason Deere has been able to rehire people is they have great benefits and they’re fairly competitive with pay. You aren’t going to find a better paying option in the Cedar Valley, public or private.
So tonight there will be a lot of conversations among families of whether they will need to move away to find work. That’ll have a domino affect on all sorts of industries beyond Deere.
I wonder what the rehire rate is for JD. I know that people assume that this approach of layoff and rehire works for them, but it's not like you can really run a controlled experiment on this.
Having lost an employee to one of JDs big contracting hire moves a few years ago, I find it hard to believe this high turnover approach is optimal for them. In this case they paid this guy insane money on contract work. Didn't renew his contract for a year, then offered to renew his contract again. They could've paid him high end of market value and kept him on that entire time for less money. Maybe they didn't anticipate needing to rehire him a year later, but they seem very reactionary to market fluctuations that are inevitable. I have worked for various companies that have been subject to market swings that were pretty wild in construction and never saw workforce swings like JD seems to have all the time.
Having lost an employee to one of JDs big contracting hire moves a few years ago, I find it hard to believe this high turnover approach is optimal for them. In this case they paid this guy insane money on contract work. Didn't renew his contract for a year, then offered to renew his contract again. They could've paid him high end of market value and kept him on that entire time for less money. Maybe they didn't anticipate needing to rehire him a year later, but they seem very reactionary to market fluctuations that are inevitable. I have worked for various companies that have been subject to market swings that were pretty wild in construction and never saw workforce swings like JD seems to have all the time.
Had a buddy at a JD plant that was running max capacity get let go. Sounds like a spreadsheet decision from HQ without any local input. Lay offs suck but some of these ones don't make sense to me. Feels like they hired McKinsey to fire people; around 2:30 in this clip...
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Yep, but more common there is just to give no time off. Your wife can figure it out, I need you back at work.
Driving a company and climbing a ladder are part of requirements...tell your friend to not apply.
When my parents worked for Deere back in the day their benefits were unreal: healthcare paid for, pension, and you could also tap into 401K starting in the 90's. Over the last 30 years Deere has chipped away at their benefits. As I stated before, it's shell of what it use to be.
True i know a few retired Deere workers, and they were told "put in your 30 years, and never work again." Full family insurance, copays of a dollar or two for the worker on name prescription drugs, full pension plan after your 30 years and generally the last 5 years, they allowed them to take easier jobs. The last year, they were given a 3 wheeled bike and there job was to deliver parts for the line.
Those days are now gone.
The farm crisis was a way different beast, this is corporate greed pure and simple.This is nothing new for Deere same happen during farm crisis in the 80's, major head count reduction. Waterloo was impacted big time as it lost roughly 14% of it's population.
The Farm Crisis of the 1980s
The Farm Crisis of the 1980s completely altered the fabric of rural America. During the 1980s, American farmers confronted an economic crisis more severe than any since the Great Depression. Agricultural communities throughout the Midwest and across...www.iowapbs.org
Absolutely and in return most of those employs were loyal as hell. It's funny you mention the bikes because we had a couple John Deere 2-wheel bikes and I kept those till about 5-years ago until I sold them(antique collectors loved them). Everyone in the state wanted to work for Deere and it was honor to work for them back in the day.
I understand there is difference. I'm just saying Deere at that time let workers go because there was downturn in the economy, and it had a massive impact on Waterloo.
Yep. Used to be you could graduate from high school, get a job at Deere, and support your entire household on your wages while your wife stayed home and raised the kids. Those days are long gone.
In theory consumer cost should go down, I'm guessing your not going to see any price roll backs on any division of JD anytime soon.
