Mass Layoffs Follow $10 Billion in Profits at John Deere for 2023: UAW, which represents more than 10,000 John Deere employees across the US, condemned the mass layoffs.
Mass Layoffs Follow $10 Billion in Profits at John Deere for 2023
by HenryCorp
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> “Let’s be clear: there is no need for Deere to kill good American jobs and outsource them to Mexico for cheap labor. The company is forecasted to make $7 billion in profit this year. CEO John May’s total compensation for 2023 was $26.8 million.”
> The union went on to note that John Deere, which is headquartered in Illinois, has spent more than $43 billion on investor-enriching stock buybacks and dividends over the past 20 years, leaving “no question that there is enough profit to go around”