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US firms fire thousands of workers, while shareholder reap rewards: Report

American companies have paid a combined $700 million to shareholders while cutting jobs, closing plants and leaving thousands of their workers filing for unemployment benefits

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Coronavirus | US jobs | Lockdown

ANI 



US firms fire thousands of workers, while shareholder reap rewards: Report
Steelcase, an office furniture manufacturer, and World Wrestling Entertainment have also shed employees.

At a time when the pandemic has squeezed them, multi-national in America are laying off workers while paying cash dividends to their shareholders. Thus making the workers bear the brunt of the sacrifices while the shareholders continue to collect.

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First Published: Wed, May 06 2020. 14:23 IST

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