John Deere strike imminent?
- Thread starter ISUCyclones2015
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Or when he sells it. Keep the basis as the purchase price, but tax it when it actually does get sold. Thats how I would do it.
Its a game of chicken. If they go several more months, they would bump things up. They couldn't hire enough floor workers before the strike, so they aren't really going to be able to break the strike.
On the other hand, I could totally see the union people decided it is good enough and agree to it. Its totally up to them.
As close as the last vote was, I don't think Deere has any reason to bump it up. It won't take much waiting for 5% to change their vote.
If the salaried folks can produce enough to get them by, then the only pain to JD is that they lose the productivity of those salaried folks. Even that is more down the road pain with delayed projects.
Sounds like Deere is not going to budge anytime soon.
www.foxbusiness.com
John Deere to reach out directly to workers as UAW strike drags on
John Deere says it is preparing to reach out directly to its striking UAW employees in an effort to get them back to work.
"Reach out"Sounds like Deere is not going to budge anytime soon.
John Deere to reach out directly to workers as UAW strike drags on
John Deere says it is preparing to reach out directly to its striking UAW employees in an effort to get them back to work.
And the fall out from forcing salary people to work 70+ hour weeks on the line. While it’s the Union on strike, the salary workforce was already not happy before being force to keep production running. Deere’s employee engagement survey results were already terrible.
Does anyone know if Deere won’t engage in anymore talks is it technically a lockout? That could be a game changer for the workers as they would be able to collect unemployment then, if I understand it correctly.
They have clarified that they are still open for negotiations, they just won’t be making a better offer.
I don't know why. The offer is still on the table. They could approve and sign it at any moment and be working tomorrow.
The government keeps flirting with the idea that if you inherit something like this, you have pay taxes on the capital gains when you get the inheritance. So he might be liable for taxes on $8300 per acre at that point.
They keep backing off, but it keeps coming up.
Off the record and just between you and I (no one else on this board read this next part). The IRS has no idea what the original basis in said land is. I could sell it for $8500 an acre and put the basis down at whatever I wanted. And because this is a low risk area to the IRS it probably would never get looked at.
Others may continue reading now -
GO CYCLONES
Also, if they can stay profitable with those salried people, then they should show they can afford to pay the union more.
I bet the union will get the 5%, unlees the no more negotiating allienates people who voted yes.
You have a 401k or some sort of supplemental fund along with your pension and your spouse gets your pension until she dies. That's how it works in my union and most others. The supplemental packages are probably equal to a non-union guys entire 401k a lot of the time.
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The salary people might be more valuable, in the long run, in their normal jobs.
Deere said that that was their best and final offer. It would appear they didn’t want to dink around with multiple rounds of negotiations. 30% raise over 6 years seems to be a pretty strong offer.
The also said they would be reaching out to UAW members directly.
Wages are a small part of the negotiations. I dont know how good of a deal it is.
All I am saying is that its a negotiating plo even though they say they are done working. If the union holds out long enough, they will probably go back to the table.
Based on what I have read in the DBQ paper and online.
JD's spokesperson backed off her original Last & Best Offer statement to That is the Best Deal Economically JD will offer. IMO that means JD is still willing to revise the recently rejected offer, but the money won't get better. Workers are going to have to make decisions on what's more important- e.g. bigger pay bumps, but less rich benefits. Or more of this benefit, but less of another benefit.
It was also interesting in the paper that while the local union steward was still talking a lengthy strike. The 3 employees on the picket line interviewed were more pragmatic about the loss of their paycheck. And DBQ workers rejected the proposal 63-37%.
My prediction is the strike will be over in 10 days. And both sides will say they got what they wanted.
JD's spokesperson backed off her original Last & Best Offer statement to That is the Best Deal Economically JD will offer. IMO that means JD is still willing to revise the recently rejected offer, but the money won't get better. Workers are going to have to make decisions on what's more important- e.g. bigger pay bumps, but less rich benefits. Or more of this benefit, but less of another benefit.
It was also interesting in the paper that while the local union steward was still talking a lengthy strike. The 3 employees on the picket line interviewed were more pragmatic about the loss of their paycheck. And DBQ workers rejected the proposal 63-37%.
My prediction is the strike will be over in 10 days. And both sides will say they got what they wanted.
Depends on the pension plan. IPERS gives several different options. All come with an opportunity cost of lower monthly payments of course.
