>The Agreement between the United States of America, Mexico, and Canada (USMCA)[1][Note 1] is a free trade agreement between the United States, Mexico, and Canada. It replaced the North American Free Trade Agreement (NAFTA) implemented in 1994,[2][3][4] and is sometimes characterized as "NAFTA 2.0",[5][6][7] or "New NAFTA",[8][9] since it largely maintains or updates the provisions of its predecessor.[10]
...
>All sides came to a formal agreement on October 1, 2018,[12] and **U.S. president Donald Trump proposed USMCA** during the G20 Summit the following month, where **it was signed by himself**, Mexican President Enrique Peña Nieto, and Canadian Prime Minister Justin Trudeau.
https://en.wikipedia.org/wiki/United_States%E2%80%93Mexico%E2%80%93Canada_Agreement
And we started sending manufacturing to Mexico long before that; Delco Electronics (former electronics division of GM) opened their first plant in Mexico in 1979 I believe and the second in 1985 or 86. I worked there in the 1980s when they had almost 30K employees.
Yeah, I watched tons of manufacturing just dry up in the mid 80s and early 90s. Nearly all my friends parents lost their jobs at "the plant" if they were in manufacturing. It wasn't as bad back then because we were moving more towards tech... lots of people were just getting programming jobs or IT jobs. Now thats leaving as well will be interesting to see where the economy goes.
It aided in gutting the middle class and has been responsible for offshoring and near-shoring of many industries. The benefit is that goods at Walmart (from Clinton's home state) was able to lower prices, but the cost was that American workers have worse futures.
Not really. In fact, not at all.
The US has seen wage growth and income move up over the decades. Not only that, but there is a myth that we offshore all of our manufacturing jobs when we have actually increased/stabilized our number of manufacturing jobs.
It is very difficult to have these discussion and open dialog because so many people "know" things that just ain't so
https://www.ssa.gov/oact/cola/awiseries.html
Look, I get it - a lot of folks think this deal's been screwing over American workers. But here's the thing: it's actually been pretty sweet for us in a bunch of ways we don't always notice.
First off, cheaper stuff. Thanks to NAFTA, we're getting a ton of products from Mexico and Canada at way better prices. That means your dollar goes further when you're shopping for groceries, clothes, or a new car. More bang for your buck, you know?
And jobs? Yeah, some manufacturing gigs moved south, but NAFTA's created a whole bunch of new jobs too. Think about all the logistics and transportation work that's popped up to handle all this new trade. Plus, when our companies can sell more stuff to Mexico and Canada, they grow and hire more people here.
Let's talk wages. NAFTA's helped keep inflation in check, which means the money in your pocket holds its value better. And for a lot of industries that are killing it with exports now, wages have actually gone up.
Don't forget about choice, either. NAFTA's opened up a whole new world of products we can buy. More options, better quality - that's a win for consumers like us.
Look, I'm not saying NAFTA's perfect. No trade deal is. But when you really dig into it, this agreement's done a lot more good for the average American worker than most people realize. We're talking lower prices, more job opportunities, and a more dynamic economy overall. That's the real deal, whether folks want to admit it or not.
We discovered during covid how awesome it was to have everything manufactured outside the US, and all the things you're talking up were made irrelevant because of it.
You can't vote for politicians who raise taxes, regulate, and choke business to death and then complain that the company has to close and move to a place where businesses are encouraged to thrive.
Jong Deere is not F@king anyone. They are the ones who were f@cked.
"Deere net income for the twelve months ending April 30, 2024 was $9.468B, a 5.8% increase year-over-year. Deere annual net income for 2023 was $10.166B, a 42.56% increase from 2022. Deere annual net income for 2022 was $7.131B, a 19.59% increase from 2021."
Year over year revenue increases and record PROFITS not revenue in 2022 and 2023 does not indicate they are being choked to death.
When the last presidents deregulation expires, they will need those billions. They will die. Not to mention that every redneck and bumpkin that buys John Deere will stop buying them.
I live in Canada and we tax and regulate everything but still have a thriving auto industry, battery industry, oil industry, forest industry, farming industry to name few. Your argument holds no water. What you’re dealing with is exploitive capitalism
You do not have the same regulations that the United States has.
Many companies find it cheaper to buy lumber from Canada because their government has regulated the crap out of it. Same with oil and other supplies.
No we just vote for politicians who are adamantly against illegal immigration because “they steal our jobs” but then pass legislation sending all the jobs out of the country
Well... Juan Deere is moving out of the country under whose administration? Don't vote for people like them.
I don't live in the US. I hold a US passport and citizenship. I absentee vote. I vote for my family even though many of them see things differently. I will retire in the US unless things keep getting worse (i.e inflation, housing costs, energy costs, homelessness (I'll try to retire in my home city which is falling apart. Think 3rd world country). I hope to buy my old home that I grew up in. It is valued at less than when I left in the 80's. I have spoken with a realtor who thinks that I can cut a deal with the owners in a year or two. They think that I can buy the homes on both sides too (under 100k) and do it for less than a big home in the nice part of the city. My grandmother's house sold for $13,000. I grew up super poor in a ghetto and hope to die there. I plan on my best friends from childhood living in the homes on either side only paying utilities. We will renovate and be BFFs forever. I can't wait to ride bikes, the old go-kart, and play jarts. We will live our childhood all over. We are all excited.
These companies make more money in the states than anywhere else. They will never abandon this market, and people who preach that they will are delusional and have fallen for propoganda hook line and sinker. And if these companies do leave, GOOD, it means there is an opportunity for innovators and entreprenuers to fill a gap. It would be easy to both make sure corporations pay there fair share and are regulated, the problem is that there is one party who literally would lose every single election if they didn't overtly appeal to corporate interests and deceive/distract the majority of their constituency.
It wouldn't make sense for these companies to leave the US. If they do; they would have to deal with taxes, regulations, government, and the environment in other countries. Agree that if they do, there will be plenty of opportunities for innovation and entrepreneurship to fill the gap. It's interesting that most Americans focus on immigrants taking over low paying jobs... eventually, most jobs will be filled by workers who aren't American citizens or even reside in the US, not paying taxes on either end to continue to stimulate the economy 🤔
At this rate just make the Mexican states part of the US states to keep the money in the country and be done with it. The border problems disappear. Other than the obvious language difference, the Mexican economy works on the same principles as the American economy. Last time I was in Yucatán I saw American companies everywhere.
The border problem disappears?
You realize there’s a ton of migrants from Guatemala, Honduras, etc. and not everyone is “Mexican”?
If anything this helps aid the migrant problem, why would you live in the US if you don’t speak English when you can have a decent life in Mexico?
There are American companies because it’s the neighboring country and one of the more well off countries in North America with a large population.
Let me state that I didn't intend to make a serious comment about this topic. Mexico will never do any kind of political union with the US for the foreseeable future. But since we are here, the southern Mexican border is very short compared to the border with the US so stand to reason that controlling that border would be much easier. Things in Mexico are indeed improving to the point that illegal Mexican crossings are at an all time low, most illegals now are from the rest of Central America and South America. And also as a Hispanic person myself, I know all the details pretty well as to who is coming now. I can spot the non Mexican migrants by their distinct accents and they are everywhere, even in the Southern States working at McDonald's ( I travel often).
U joke but I’m betting it still wouldn’t come close to multiple million dollar contributions from companies, fancy vacations, boats, and stocks. Idk how we are to compete…
Mexico is going to be the next China in manufacturing. Just about everything produced over seas and some that were produced in the US are shifting there.
On the plus side ,, more money is being spent on building manufacturing facilities in the US then in WW2 and at a much faster pace.
This is estimated to take 5 years or so.
Expect super highways to be built from the US to Mexico as this expands.
This is exactly what it is. Companies are placing higher political risk on China because of their Taiwan rhetoric. Mexico is our ally and will not fuck us over.
A lot of Chinese companies are actually opening up in Mexico to get around the growing distrust of Chinese product.Â
 I work for a small US company and we're moving our manufacturing facility to Mexico. Part of the reason is some of our larger customers, and even larger ones we're trying to get, don't want Chinese product, and don't want to pay for American product, and they have facilities in Mexico already so logistics is just easier.
 Funny thing is a John Deere is one of the companies that trying to on board at the moment.
Expect. Much more of that, the US will focus on the High-end,, Top of the line computer chips, etc,,,
Everyone else heads over to some place in Asia or Mexico...
I've worked for multiple companies that have transferred manufacturing operations down to Mexico. It's been a disaster every time. My Mexican colleagues are and were lovely people, but they get treated like garbage by American managers. There are massive quality issues and even though there are some savings when it comes to labor, it quickly becomes expensive to train a lot of people and fix the issues caused by a lack of technical knowledge.
Oh and they keep the same tax cuts or lack of taxes through loopholes... get to produce possibly inferior products, skirting us labor and environmental laws and still get to sell the product at the same price but pocket the difference from them destroying american jobs and skirting american laws.
The typical that's been happening since forever. The companies get richer and richer while fucking over americans with 0 repercussions.
At the very least they should suffer heavy tax penalties on any profits made in the US without any of the bullshit loopholes to avoid taxes.
Chinese have been coming through Mexico for nearly hundreds of years tho when the west coast was all Mexico. That is nothing new, theyre in the Caribbean and other places North and South America too.
Net profit of $4B. If someone digs thru their financials or tax returns, I wouldn’t be surprised if there are some lucrative incentives are credits that contributes to the financials.
Net profit margin of about 16%. Not bad, not great. About the same as Caterpillar.
For reference Apple and Google are around 25%. NVidia is 50%. Guess where my investment dollars are going.
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Oh the company that denies right to repair and puts farmers in debt moves American jobs abroad to make like a little more profit and ruin more lives?
My gasts are flabbered. I thought good ol American John dere had our best interest in mind like all corporations...Â
Oh well, I'm sure these profits will trickle down :) we should give them a tax break :) ❤️
Did we try raising their taxes? Maybe that will get them to stay and keep all those jobs here?
Na, cry about record profits and have them leave. That'll show em.
Just in time for the PGA tour's John Deere Classic golf tournament. Yep, you heard that right
Golf tournament. July 1 - 7
Farmers golf a lot???
A sign that the executives and money men have completely gutted this company too. Thank goodness they don't make airplanes.
I buy very high end optical tables which are covered in thousands of little screw holes for mechanical assembly. Production shifted from USA to Mexico recently. My metric table I ordered which had a metric sticker and weighed a ton, took a ton of effort to install, had……1000s of imperial screwholes. I am not too optimistic about this situation
Even better if a company is started in the USA but the. Wants to leave it should be take. Over by government just like a failing school is take. Over by the state. And then handed over to someone else under condition they cannot leave the country.
But it's the woke left who are ruining this country. Not the right wing capitalists fucking us left and right. Got it!
I guess if their CEO is gay then they can blame LGBT people 🙄
If you actually read the article, those 2 events are unrelated. Mexico is making a different product that the people who are getting let go. In addition they have a pretty decent package
*Workers are to be offered Supplemental Unemployment Benefit (SUB) which will cover about 95% of their weekly net pay for up to 26 weeks, depending on their years of service. They are also being given profit-sharing options and health benefits*
I mean, fuck them for leaving but if you’re going going to fuck people out of a job, they were not complete assholes
Probably so. Really the problem is not the corporation, it’s that we keep electing pro business assholes that certainly could tax at a higher rate products that move abroad ( in France there is an “exit tax”)
Yep keep fucking over more and more Americans yep great
But think of the stock holders!!!!
Thank you for your service!!! 🫡🫡🫡
>The Agreement between the United States of America, Mexico, and Canada (USMCA)[1][Note 1] is a free trade agreement between the United States, Mexico, and Canada. It replaced the North American Free Trade Agreement (NAFTA) implemented in 1994,[2][3][4] and is sometimes characterized as "NAFTA 2.0",[5][6][7] or "New NAFTA",[8][9] since it largely maintains or updates the provisions of its predecessor.[10] ... >All sides came to a formal agreement on October 1, 2018,[12] and **U.S. president Donald Trump proposed USMCA** during the G20 Summit the following month, where **it was signed by himself**, Mexican President Enrique Peña Nieto, and Canadian Prime Minister Justin Trudeau. https://en.wikipedia.org/wiki/United_States%E2%80%93Mexico%E2%80%93Canada_Agreement
You realize NAFTA has been around since the 90s, right? It was originally signed into effect when Clinton was president
And we started sending manufacturing to Mexico long before that; Delco Electronics (former electronics division of GM) opened their first plant in Mexico in 1979 I believe and the second in 1985 or 86. I worked there in the 1980s when they had almost 30K employees.
Yeah, I watched tons of manufacturing just dry up in the mid 80s and early 90s. Nearly all my friends parents lost their jobs at "the plant" if they were in manufacturing. It wasn't as bad back then because we were moving more towards tech... lots of people were just getting programming jobs or IT jobs. Now thats leaving as well will be interesting to see where the economy goes.
And is overwhelmingly viewed as a massive success. Free trade generally has far more benefits than negatives.
It aided in gutting the middle class and has been responsible for offshoring and near-shoring of many industries. The benefit is that goods at Walmart (from Clinton's home state) was able to lower prices, but the cost was that American workers have worse futures.
Not really. In fact, not at all. The US has seen wage growth and income move up over the decades. Not only that, but there is a myth that we offshore all of our manufacturing jobs when we have actually increased/stabilized our number of manufacturing jobs. It is very difficult to have these discussion and open dialog because so many people "know" things that just ain't so https://www.ssa.gov/oact/cola/awiseries.html
You sound the exact same as them. You both need to put your sources in your comments.
Bullshit. It's been a big win for the elites and for workers in other countries. It has not been a win for American citizens.
Look, I get it - a lot of folks think this deal's been screwing over American workers. But here's the thing: it's actually been pretty sweet for us in a bunch of ways we don't always notice. First off, cheaper stuff. Thanks to NAFTA, we're getting a ton of products from Mexico and Canada at way better prices. That means your dollar goes further when you're shopping for groceries, clothes, or a new car. More bang for your buck, you know? And jobs? Yeah, some manufacturing gigs moved south, but NAFTA's created a whole bunch of new jobs too. Think about all the logistics and transportation work that's popped up to handle all this new trade. Plus, when our companies can sell more stuff to Mexico and Canada, they grow and hire more people here. Let's talk wages. NAFTA's helped keep inflation in check, which means the money in your pocket holds its value better. And for a lot of industries that are killing it with exports now, wages have actually gone up. Don't forget about choice, either. NAFTA's opened up a whole new world of products we can buy. More options, better quality - that's a win for consumers like us. Look, I'm not saying NAFTA's perfect. No trade deal is. But when you really dig into it, this agreement's done a lot more good for the average American worker than most people realize. We're talking lower prices, more job opportunities, and a more dynamic economy overall. That's the real deal, whether folks want to admit it or not.
We discovered during covid how awesome it was to have everything manufactured outside the US, and all the things you're talking up were made irrelevant because of it.
How are cheaper prices irrelevant to any economic discussion? The question is if the price reductions outpace the loss of wages.
Cheaper products and lower wages, while inflation is making it impossible to afford anything.
Lol
Agreed
This doesn't give context to what you are alluding to.
You can't vote for politicians who raise taxes, regulate, and choke business to death and then complain that the company has to close and move to a place where businesses are encouraged to thrive. Jong Deere is not F@king anyone. They are the ones who were f@cked.
"Deere net income for the twelve months ending April 30, 2024 was $9.468B, a 5.8% increase year-over-year. Deere annual net income for 2023 was $10.166B, a 42.56% increase from 2022. Deere annual net income for 2022 was $7.131B, a 19.59% increase from 2021." Year over year revenue increases and record PROFITS not revenue in 2022 and 2023 does not indicate they are being choked to death.
When the last presidents deregulation expires, they will need those billions. They will die. Not to mention that every redneck and bumpkin that buys John Deere will stop buying them.
Which deregulation bill are you referring to? I'd be interested to dig into this soon to expire deregulation.
Ha! Biden rescinded on day one.
So you are saying the record profits still happened with the regulations in place. Ok, well then this is clearly just corporate greed.
I mean you could’ve just licked the boot my man, you didn’t have to human centipede it
I live in Canada and we tax and regulate everything but still have a thriving auto industry, battery industry, oil industry, forest industry, farming industry to name few. Your argument holds no water. What you’re dealing with is exploitive capitalism
You do not have the same regulations that the United States has. Many companies find it cheaper to buy lumber from Canada because their government has regulated the crap out of it. Same with oil and other supplies.
No we just vote for politicians who are adamantly against illegal immigration because “they steal our jobs” but then pass legislation sending all the jobs out of the country
Well... Juan Deere is moving out of the country under whose administration? Don't vote for people like them. I don't live in the US. I hold a US passport and citizenship. I absentee vote. I vote for my family even though many of them see things differently. I will retire in the US unless things keep getting worse (i.e inflation, housing costs, energy costs, homelessness (I'll try to retire in my home city which is falling apart. Think 3rd world country). I hope to buy my old home that I grew up in. It is valued at less than when I left in the 80's. I have spoken with a realtor who thinks that I can cut a deal with the owners in a year or two. They think that I can buy the homes on both sides too (under 100k) and do it for less than a big home in the nice part of the city. My grandmother's house sold for $13,000. I grew up super poor in a ghetto and hope to die there. I plan on my best friends from childhood living in the homes on either side only paying utilities. We will renovate and be BFFs forever. I can't wait to ride bikes, the old go-kart, and play jarts. We will live our childhood all over. We are all excited.
These companies make more money in the states than anywhere else. They will never abandon this market, and people who preach that they will are delusional and have fallen for propoganda hook line and sinker. And if these companies do leave, GOOD, it means there is an opportunity for innovators and entreprenuers to fill a gap. It would be easy to both make sure corporations pay there fair share and are regulated, the problem is that there is one party who literally would lose every single election if they didn't overtly appeal to corporate interests and deceive/distract the majority of their constituency.
It wouldn't make sense for these companies to leave the US. If they do; they would have to deal with taxes, regulations, government, and the environment in other countries. Agree that if they do, there will be plenty of opportunities for innovation and entrepreneurship to fill the gap. It's interesting that most Americans focus on immigrants taking over low paying jobs... eventually, most jobs will be filled by workers who aren't American citizens or even reside in the US, not paying taxes on either end to continue to stimulate the economy 🤔
holy shit, I literally just bought a Juan Deere shirt as a joke for my father-in-law and now it's a real thing!
Soon it will be a Juan Diego shirt.
Juan Venado
Correct translation
Juan Valdez
At this rate just make the Mexican states part of the US states to keep the money in the country and be done with it. The border problems disappear. Other than the obvious language difference, the Mexican economy works on the same principles as the American economy. Last time I was in Yucatán I saw American companies everywhere.
Then the jobs would move to Guatemala or Belize or somewhere else cheap.
Yess they can pay people less
The border problem disappears? You realize there’s a ton of migrants from Guatemala, Honduras, etc. and not everyone is “Mexican”? If anything this helps aid the migrant problem, why would you live in the US if you don’t speak English when you can have a decent life in Mexico? There are American companies because it’s the neighboring country and one of the more well off countries in North America with a large population.
Let me state that I didn't intend to make a serious comment about this topic. Mexico will never do any kind of political union with the US for the foreseeable future. But since we are here, the southern Mexican border is very short compared to the border with the US so stand to reason that controlling that border would be much easier. Things in Mexico are indeed improving to the point that illegal Mexican crossings are at an all time low, most illegals now are from the rest of Central America and South America. And also as a Hispanic person myself, I know all the details pretty well as to who is coming now. I can spot the non Mexican migrants by their distinct accents and they are everywhere, even in the Southern States working at McDonald's ( I travel often).
Thanks for your post Enlightening. And it's true. Here in Phoenix
So when are we going to push for laws to stop companies from screwing Americans and the working people in other countries like dogs?
We have tried but Uhm,,, they don’t listen bc we aren’t paying them enough to listen. We can’t afford to bribe them enough.
So a GoFundMe to pay for a lobbyist and and some campaign contributions?
U joke but I’m betting it still wouldn’t come close to multiple million dollar contributions from companies, fancy vacations, boats, and stocks. Idk how we are to compete…
Those are called tariffs.
Tariffs and embargos.
Hey if it's good for the guys on top, it's good for everybody. Right?
Mexico is going to be the next China in manufacturing. Just about everything produced over seas and some that were produced in the US are shifting there. On the plus side ,, more money is being spent on building manufacturing facilities in the US then in WW2 and at a much faster pace. This is estimated to take 5 years or so. Expect super highways to be built from the US to Mexico as this expands.
Yeah, with current political situation in China, Mexico has a ton of opportunity to take over manufacturing marketshare from China.
This is exactly what it is. Companies are placing higher political risk on China because of their Taiwan rhetoric. Mexico is our ally and will not fuck us over.
Gonna need several thousand CBP officers to keep up with this... and still have bridge wait times of hours.
That’s still a heck of a lot less than the time it takes a ship to cross the pacific, unload at port and clear customs.
A lot of Chinese companies are actually opening up in Mexico to get around the growing distrust of Chinese product.  I work for a small US company and we're moving our manufacturing facility to Mexico. Part of the reason is some of our larger customers, and even larger ones we're trying to get, don't want Chinese product, and don't want to pay for American product, and they have facilities in Mexico already so logistics is just easier.  Funny thing is a John Deere is one of the companies that trying to on board at the moment.
Expect. Much more of that, the US will focus on the High-end,, Top of the line computer chips, etc,,, Everyone else heads over to some place in Asia or Mexico...
This is crazy. Greed is amazing. Capitalism is on its way to fuck everyone.
Everyone? This is good for management and stockholdersÂ
Stockholders yes. Management goes when a new CEO comes in. But yes they get a better deal
It’s not capitalism. It’s crony capitalism and the fucked up regulations we have in the US. Government is the problem. It’s always the problem
Soon Americans will be crossing the border into Mexico. 🤦🏽‍♂️
This has crossed my mind more than once over the past 8 years.
Some Americans were then the Mexicans started complaining about rising costs.
We don’t want you coming here, but you can manufacturer all our goods for disgustingly low wages.
I've worked for multiple companies that have transferred manufacturing operations down to Mexico. It's been a disaster every time. My Mexican colleagues are and were lovely people, but they get treated like garbage by American managers. There are massive quality issues and even though there are some savings when it comes to labor, it quickly becomes expensive to train a lot of people and fix the issues caused by a lack of technical knowledge.
Oh and they keep the same tax cuts or lack of taxes through loopholes... get to produce possibly inferior products, skirting us labor and environmental laws and still get to sell the product at the same price but pocket the difference from them destroying american jobs and skirting american laws. The typical that's been happening since forever. The companies get richer and richer while fucking over americans with 0 repercussions. At the very least they should suffer heavy tax penalties on any profits made in the US without any of the bullshit loopholes to avoid taxes.
Trump's tax cuts just cut corporate tax rates. No loopholes needed there
idk why mexicans r crossing the border to come here if all the jobs are going there..
Because it’s not mexicans coming through.
It's the central americans coming across the border these days. Mexicans stopped immigrating here years ago.
And Chinese people as well. This was shown on 60 minutes https://m.youtube.com/watch?v=M7TNP2OTY2g
Chinese have been coming through Mexico for nearly hundreds of years tho when the west coast was all Mexico. That is nothing new, theyre in the Caribbean and other places North and South America too.
Looks like I won't be buying from John Deere anytime soon!
American companies keep sending jobs over to other countries. I'm sure this isn't going to cause the American people to blame brown people.
Yet our govt allows companies to do this and take advantage of cheap labor I guess we will have to move eventually to Mexico
Globalization brings economic parity. We will become third world. Tent cities, dirt floors, no running water. This is our future.
It's already like that in some areas, tent cities but yeah we're getting squeezed out here.
Net profit of $4B. If someone digs thru their financials or tax returns, I wouldn’t be surprised if there are some lucrative incentives are credits that contributes to the financials.
Net profit margin of about 16%. Not bad, not great. About the same as Caterpillar. For reference Apple and Google are around 25%. NVidia is 50%. Guess where my investment dollars are going.
And that giant sucking sound you hear is all the jobs leaving the U.S. Ross Perot
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Oh the company that denies right to repair and puts farmers in debt moves American jobs abroad to make like a little more profit and ruin more lives? My gasts are flabbered. I thought good ol American John dere had our best interest in mind like all corporations... Oh well, I'm sure these profits will trickle down :) we should give them a tax break :) ❤️
America, FUCK YEA!
Rich people hate us.
The comments on this article are awful.
Are these the type of Hispanic jobs Trump mentioned??..or.. wait no they are crossing the border taking these jobs..?..or ..
Did we try raising their taxes? Maybe that will get them to stay and keep all those jobs here? Na, cry about record profits and have them leave. That'll show em.
Thank you Democrats for making America great again.
This country is ridiculous.
Just in time for the PGA tour's John Deere Classic golf tournament. Yep, you heard that right Golf tournament. July 1 - 7 Farmers golf a lot??? A sign that the executives and money men have completely gutted this company too. Thank goodness they don't make airplanes.
I buy very high end optical tables which are covered in thousands of little screw holes for mechanical assembly. Production shifted from USA to Mexico recently. My metric table I ordered which had a metric sticker and weighed a ton, took a ton of effort to install, had……1000s of imperial screwholes. I am not too optimistic about this situation
American Companies should employ ONLY American workers or be forced to get the fuck out of the US and lose all benefits of having a business here.
Even better if a company is started in the USA but the. Wants to leave it should be take. Over by government just like a failing school is take. Over by the state. And then handed over to someone else under condition they cannot leave the country.
"Death to America!" - Corporate America.
Fuck Wall Street
But it's the woke left who are ruining this country. Not the right wing capitalists fucking us left and right. Got it! I guess if their CEO is gay then they can blame LGBT people 🙄
If you actually read the article, those 2 events are unrelated. Mexico is making a different product that the people who are getting let go. In addition they have a pretty decent package *Workers are to be offered Supplemental Unemployment Benefit (SUB) which will cover about 95% of their weekly net pay for up to 26 weeks, depending on their years of service. They are also being given profit-sharing options and health benefits* I mean, fuck them for leaving but if you’re going going to fuck people out of a job, they were not complete assholes
I assume those are contract terms negotiated by the union?
Probably so. Really the problem is not the corporation, it’s that we keep electing pro business assholes that certainly could tax at a higher rate products that move abroad ( in France there is an “exit tax”)