Big companies are paying shareholders dividends and laying off thousands of workers

Since the coronavirus pandemic was declared, Caterpillar has suspended
operations at two plants and a foundry, Levi Strauss has closed stores,
and toolmaker Stanley Black & Decker is planning layoffs and
furlough. While thousands of their workers are filing for unemployment benefits,
these companies rewarded their shareholders with more than $700 million
in cash dividends

Publisher: Washington Post | Author: Peter Whoriskey

TAGS
aid package, capitalism, corporations, and covid-19
DATE PUBLISHED
2020-05-06 (Modified: 2020-05-05)

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https://www.washingtonpost.com/business/2020/05/05/dividends-layoffs-coronavirus/

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