John Deere’s reckless layoffs and job cuts are an insult to the working class people of Iowa and Illinois, and the United Auto Workers will fight for justice for our members and communities affected by these moves.
Let’s be clear: there is no need for Deere to ki-l 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 company has spent $43.6 billion on stock buybacks and dividends over the past two decades. There is no question that there is enough profit to go around, and Deere can afford to keep good jobs in Iowa and Illinois.
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