Stellantis announced that it will lay off 1000+ autoworkers in Michigan.
It has also slow walked the reopening of a plant in Belvidere, IL.
Meanwhile, Stellantis spent $15B on stock buybacks and dividends since 2023 while giving its CEO a 60% raise.
Textbook corporate greed.
@rbreich It reminds me of the book 1984, where there is no will to create anything new. As long as the playing field remains the same, nothing interferes with the power structure.
And to appease the proles, bread and circuses. Except now the citizens are threatened with no bread, no healthcare, and being thrown into the arena.
Doing what they can to elect their pal Trump
Robert Reich
trindflo
Ultra Verified 🇺🇦 🇬🇱
fluids_guru
Tim Ward ⭐🇪🇺🔶 #FBPE