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

Corporate Greed News

UAW Rips 'Corporate Greed' of John Deere as Mass Layoffs Follow $43 Billion in Stock Buybacks
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Jake Johnson is a senior editor and staff writer for Common Dreams.

The United Auto Workers on Tuesday condemned the manufacturing company John Deere over recent mass layoffs at factories in Iowa and Illinois , arguing the company's strong profits, lavish handouts to investors, and exorbitant CEO pay give the lie to claims that the job cuts and outsourcing were necessary.

— UAW July 30, 2024 The UAW represents more than 10,000 John Deere employees across the United States and, in 2021, held a five-week strike against the company over inadequate wages and benefits. In recent weeks, John Deere has laid off an estimated 1,500 U.S. workers as part of what the company has described as a broader effort to 'control costs.

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