John Deere lay offs

[MrHotDice]

Looks like mid west losing jobs to Mexico.

 

[anonymous_2011]

We get all their citizens, they get all our jobs. Good trade.

 

[PTI (pti)]

Get woke, go broke.

 

[Stan the caddy]

Capitalism working as it’s designed to. Maximize profits at all costs.

 

[DSmith21]

I wonder how those workers are feeling about the UAW today?

 

[bigbluefattycat]

The whole town said that he should have used red.

 

[bigblueinsanity]

I wonder how those workers are feeling about the UAW today?

Its almost like tons of people warned them this would happen.

 

[Someguywhodoesntlikeyou]

John Deere had record profits last year of something like nine billion dollars. They also spent 7 billion dollars in stock buybacks.


If you’re a shareholder this is great news. The manufacturing side is not as profitable as their tech side and they’re transitioning to that as primary revenue stream.

So why worry about labor costs when you can just ship the manufacturing jobs to Mexico, lower the labor costs of your less profitable manufacturing side and pivot more to the more profitable tech side.

 

[Stan the caddy]

John Deere had record profits last year of something like nine billion dollars. They also spent 7 billion dollars in stock buybacks.


If you’re a shareholder this is great news. The manufacturing side is not as profitable as their tech side and they’re transitioning to that as primary revenue stream.

So why worry about labor costs when you can just ship the manufacturing jobs to Mexico, lower the labor costs of your less profitable manufacturing side and pivot more to the more profitable tech side.

Stop making sense, there’s no place for that here.

 

[Bill - Shy Cat]

Another viewpoint:

“Despite repeated warnings, America’s industrial base has been whittled away by corporations offshoring work to Mexico, China, and other countries. “

Ending offshoring and bringing jobs back home will take more than tweets, press releases, and op-eds

Despite repeated warnings, America’s industrial base has been whittled away by corporations offshoring work to Mexico, China, and other countries. The offshoring of much-needed medical equipment in the midst of the COVID-19 pandemic heightens the urgency to bring these supply chains home. While...

www.epi.org

 

[Stan the caddy]

If anything, JD kept manufacturing here a lot longer than they could/should have. Smart companies were doing this decades ago.

 

[MGGA]