According to a Jan. 23 press release from CNH Industrial, striking workers at 2 CNH Industrial factories represented by UAW have ratified a labor agreement and ended a strike that began in May 2022.
On Oct. 14, 2021, 10,000 John Deere workers — represented by United Auto Workers (UAW) — walked out of 14 John Deere facilities across the U.S., starting their first strike against Deere in 35 years.
According to the results of an Aug. 3 survey from Farm Equipment, CNH dealers are seeing less wholegoods revenue impact from the ongoing UAW strike than they initially predicted.
Farm Equipment's sister publication Ag Equipment Intelligence has acquired photos of a memo sent to UAW-represented CNHI employees explaining details of the manufacturer's last contract offer on May 19.
In a statement to Farm Equipment, John Deere stated it will "consolidate the manufacturing of cabs from the Tractor and Cab Assembly Operations (TCAO) to Ramos Component Works in Mexico."
When asked how they anticipated their customers' planned purchases to be impacted by the strike if it lasted 30 days or more, responses from Case IH and New Holland dealers were mixed.
A recent survey from Farm Equipment, conducted from May 3-4, found that 79.7% of CNH dealers forecast some degree of lost new wholegoods revenue if the ongoing strike lasts 30 or more days.
According to a news release from United Auto Workers (UAW), CNH Industrial workers in Racine, Wis., and Burlington, Iowa, have gone on strike as of 12PM CST, May 2, 2022.
According to a press release from UAW posted to UAW Local 180's Facebook page, United Auto Workers and CNH Industrial have agreed to extend the current labor contract "hour-by-hour as the parties continue to make progress towards reaching a tentative agreement."
A recent survey from Farm Equipment found that 64.8% of surveyed dealers indicated they were worried about the impact ongoing contract negotiations between CNH Industrial and United Auto Workers could have on their business.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.