Posted on 06/29/2024 9:49:57 AM PDT by DFG
John Deere is sparking outrage by laying off American workers and moving more of its agricultural equipment manufacturing to Mexico.
Since October 2023, more than 1,000 John Deere workers have either been laid off or pushed into an early retirement across several plants in Iowa and Illinois.
In many instances, production that these US workers were responsible for has been shifted to new locations in Mexico. The company was founded 187 years ago.
More layoffs are expected later this year - despite John Deere raking in over $10 billion in profit in 2023 while also paying CEO John May $26.7 million in total compensation.
A longtime John Deere worker at the Harvester Works plant in East Moline, Illinois, told The Guardian it comes down to one thing: Greed.
'We get wind of more layoffs daily, it seems, and it's causing uncertainty all over,' said the worker, who stayed anonymous for fear of retaliation.
'The only reason for Deere to do this is greed.'
(Excerpt) Read more at dailymail.co.uk ...
Dear Brain. 25% of one dollar is 25 cents. You are math challenged.
Deere gross profit for the twelve months ending April 30, 2024 was $23.224B, a 9.09% increase year-over-year. Deere annual gross profit for 2023 was $23.536B, a 36.53% increase from 2022.
I hope Trump calls for a boycott of John Deere products.
Deere gross profit for the twelve months ending April 30, 2024 was $23.224B, a 9.09% increase year-over-year. Deere annual gross profit for 2023 was $23.536B, a 36.53% increase from 2022.
Deere gross profit for the twelve months ending April 30, 2024 was $23.224B, a 9.09% increase year-over-year. Deere annual gross profit for 2023 was $23.536B, a 36.53% increase from 2022.
Good facts and points.
GloBULLism is a radical concept that only old coot types stuck thr 20th century still think is a good idea.
I hope to hear for Trump regarding this soon.
The relevant issue for shareholders is return on equity.
In the real world the shareholders are where the “greed” is.
Capitalism always manages to kill itself.
#33
“...Peoria’s top businesses are all hospitals and healthcare...”
Retail and restaurant businesses that have folded can’t support the medical-industrial complexes.
The housing industry will probably stall as people will refuse to pay $400,000 for a house that might in a few years be an “affordable” $250,000 house.
People that vote Democrat because of their personal healthcare concerns need to vote for Trump to revive domestic manufacturing to help fund their highly subsidized healthcare.
Don't blame it all on Clinton. Had Bush been in office, NAFTA would also have passed.
I recall Republicans enthusiastically cheering for NAFTA.
Republican enthusiasm for free trade was the main issue Perot challenged Bush on in 1992.
“Capitalism always manages to kill itself.”
Excessively greedy capitalists get replaced by less greedy capitalists in a market economy.
Hoe big is the “Union Made” banner in the break room?
Now they can make new ads that show no white people at all and really get the DEI LGBTQWTF democrats happy..
There's a lot in the Bible about being concerned with the interests of people other than ourselves.
I have no problems with tariffs if the wackadoodle domestic regulations on the industry—including DEI garbage—is eliminated.
Consumers should not be penalized by insane government regulations.
This was not directed to you but the the FR Free Traitor™ army
Rush Limbaugh ws a huge Free Traitor™. YES HE WAS. ADMIT IT TO YOURSELVES.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.