WELLAND, Ont. -- Tractor maker Deere & Company (NYSE:DE) is closing its factory in Welland, Ont., and moving the work outside Canada by the end of 2009
Neither Bush nor Harper made that Welland plant non-competitive. The CAW and management made it non-competitive, because all that was keeping the profit margin up was the previously low Canadian dollar. Excess hourly wages and benefits, excess salaried staff levels, wasteful overhead spending, lousy productivity... all hidden by a favorable exchange rate....no more. Blaming the wrong culprits is yet another economic mistake.
Maybe it's time for the union folks to take a bit of a pay cut so that the brothers and sisters can keep working.Maybe the auto workers should also,oh wait!!!! The unions arent about that anymore,plus it would cut into their pension investments.
Pretty ironic,very greedy but thats what unions are all about now,the bottom line and the union pension plan.
At one time folks would take a wage cut to keep the bro's and sisters working.
Should be zero bailouts for any unionized company or non union unless it keeps people working when they wouldnt be.
"kenmore" said Hang in there king harper is handing out gold for votes.. might help these guys too.. you just have to say it ain't pork barrel politics.. ya right..
nah he'll leave this one for Mr Flip Flop, than we can watch you Libs bitch about him buying votes
A layoff that size is kind of equivalent to getting a Dear John letter. Haooooooo!
Yeah, from a wife that's decided to leave your 100k/year salary for a man with a 125k/year salary.
This closure isn't about cutting losses, it's about increasing profits.
The CAW and management made it non-competitive, because all that
was keeping the profit margin up was the previously low Canadian dollar.
Excess hourly wages and benefits, excess salaried staff levels,
wasteful overhead spending, lousy productivity...
all hidden by a favorable exchange rate....no more.
Blaming the wrong culprits is yet another economic mistake.
Pretty ironic,very greedy but thats what unions are all about now,the bottom line and the union pension plan.
At one time folks would take a wage cut to keep the bro's and sisters working.
Should be zero bailouts for any unionized company or non union unless it keeps people working when they wouldnt be.
Hang in there king harper is handing out gold for votes.. might help these guys too.. you just have to say it ain't pork barrel politics.. ya right..
nah he'll leave this one for Mr Flip Flop, than we can watch you Libs bitch about him buying votes