Farmers In Solidarity With Striking Workers
It’s going to be a very good year for the top dogs and shareholders at Deere & Co. The Iowa-based equipment manufacturer says it earned more in the first nine months of its fiscal year than during its best year in 2013. The corporation’s third-quarter results are nearly $4.7 billion. John May, the company’s CEO, made over $14.7 million in total compensation in 2020. Reports are that his salary increased 160 percent during the pandemic while laid-off manufacturing workers saw “incentive” pay cut.
On October 14, 10,000 unionized skilled manufacturing employees at Deere & Co. initiated their right to bargain by rejecting the contract put forth by management and going on strike. Does it surprise anyone that skilled workers went on strike after the company agreed to bump pay by little more than $1 per hour over the next 6 years?