UAW Rips 'Corporate Greed' of John Deere as Mass Layoffs Follow $43 Billion in Stock Buybacks

submitted a month ago by jeffw

www.commondreams.org/news/uaw-john-deere-layoffs

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16 Comments

Yawweee877h444 a month ago

Capitalism LOL.

Alexstarfire a month ago

Hope this bites them in the ass.

It won't, unfortunately.

SupraMario a month ago, edited a month ago

It will, most farmers have already started stepping away from deere equipment, the repair lockouts are what started it. This is going to make it worse.

Yeah, if the share price goes down due to change in public sentiment and buying habits, the stock buyback essentialh wasted money.

But if the price remains steady or goes up in any nominal way, the stock buy back nets them tons of cash. If steady, not tons of cash but plenty of 'control' of corporate direction.

umbrella a month ago

the system is working as intended. no corpo ass will be bit here.

andyburke a month ago

Conservatives: THESE CORPORATIONS AND THE PEOPLE THAT RUN THEM ARE THE REAL PROBLEM.

Please stop obsessing over people's genitals and get with the rest of us on trying to fix this broken system we've got.

haui a month ago

Make a list of companies that dot his shit and stop buying stuff from them. Not barring other measures of course.

Itsamelemmy a month ago

Here's the list.

  1. Fucking everybody.
DerArzt a month ago

Oh man is that all!

surewhynotlem a month ago

Won't help. There are like 2 tractor companies and both do this.

Stock buybacks need to be illegal.

DerArzt a month ago

The used to be

[deleted] a month ago

Fuck the UAW. They ended strike activity at my university with 21% approval.

Cyber Yuki 3 weeks ago, edited 3 weeks ago

Interesting that your first reaction was to condemn the union and not a billion dollar company for laying off their workers after record profits.

[deleted] 3 weeks ago

The UAW is a scam and they don't represent their members' interests. They're complicit in all of the problems their members face.

Cyber Yuki 3 weeks ago

Again, WHY ARE YOU NOT CONDEMNING THE COMPANY???

You know you totally sound like a shill, don't you?

I'm not saying you are, I'm just saying that for someone claiming to be a sheep you howl a little bit too much.