The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

More Profits, Fewer Jobs

Aug 2, 2010

In the second quarter, Alcoa Aluminum reported it had a big increase in profit with a large growth of sales.

Alcoa has laid off 37,000 workers since late 2008, “to match the realities of the recession,” as an Alcoa man put it. Now that Alcoa has more profitable times, will they rehire? Not a chance! Its chief financial officer said Alcoa was “minimizing rehires where possible” and “restructuring this quarter that will result in further reductions.”

If Alcoa can make profits after laying off 37,000 workers, they are trying to make even more profit by laying off even more workers, and force those still on the job to work as slaves.